Why did LAC's operating profit improve in Q3 2024 despite higher expenses?

LAC's operating profit improved in Q3 2024 despite higher expenses due to **Revenue Growth**.

1. **Revenue Growth**: The increase in revenue was primarily driven by the company's successful exploration activities, which led to higher sales volumes. This growth in revenue outweighed the impact of increased expenses, resulting in a improvement in operating profit.
2. **Cost Management**: The company effectively managed its costs, ensuring that the increase in expenses was offset by better revenue realization. This highlights the company's ability to optimize its operations and maintain profitability even in the face of rising costs.

In conclusion, LAC's operating profit improvement in Q3 2024 can be attributed to revenue growth and effective cost management, despite higher expenses.

|code|Ticker|Name|Date|Operating Income|Total Revenue|Operating Expenses|market_code|
|---|---|---|---|---|---|---|---|
|LAC|LAC.N|Lithium|2023 Q4|-1.4926E7|||169|
|LAC|LAC.N|Lithium|2024 Q1|-3639000|||169|
|LAC|LAC.N|Lithium|2024 Q2|-6148000|||169|
|LAC|LAC.N|Lithium|2024 Q3|-5691000|||169|