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Industry
LG Electronics posts Q2 operating profit of 1.58 trillion won, up 147 percent year on year
LG Electronics said on Monday it posted second-quarter consolidated revenue of 23.83 trillion won and operating profit of 1.58 trillion won, both record highs for a second quarter. Revenue rose 14.9 percent and operating profit jumped 146.9 percent from a year earlier. First-half revenue totalled 47.56 trillion won and operating profit was 3.25 trillion won. The company cited stronger premium sales and higher-margin businesses.
Industry
LG Electronics Q1 operating profit 1.67 trillion won, up 32.9 percent year on year
LG Electronics said on Tuesday its first-quarter operating profit rose 32.9 percent from a year earlier to 1.67 trillion won, while revenue increased 4.3 percent to a record 23.73 trillion won for a first quarter. Revenue slipped 0.5 percent from the previous quarter, but operating profit returned to positive territory from a 109.0 billion won loss. Net profit rose 14.8 percent to 1.01 trillion won.
Industry
LG Electronics Q1 operating profit 1.67 trillion won, up 32.9 percent on year
LG Electronics posted preliminary first-quarter results showing revenue of 23.73 trillion won and operating profit of 1.67 trillion won, the company said on Monday. Revenue rose 4.4 percent from a year earlier and operating profit increased 32.9 percent. It said growth in core businesses such as home appliances and in B2B businesses including vehicle components helped set a record for first-quarter sales, while profits improved on cost measures and growth in higher-margin businesses.
