LG Innotek (KRX:011070) posted first-quarter net income attributable to shareholders of the parent of 85.6 billion won, down 38.2% from 138.5 billion won a year earlier, according to a Wednesday filing with the Korea Exchange.

The electronic component manufacturing company's sales jumped 15% year over year to 4.983 trillion won from 4.334 trillion won.

Shares of the company fell nearly 5% in recent trade on Thursday.