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LG Electronics posts Q2 operating profit of 1.58 trillion won, up 147 percent year on year
LG Electronics posted its highest-ever second-quarter sales and operating profit, reporting revenue of 23.83 trillion won and operating profit of 1.58 trillion won. Sales rose 14.9 percent and operating profit jumped 147 percent from a year earlier. Revenue edged up from the previous quarter, while operating profit fell. The company said growth was led by home appliances, supported by sports events and vehicle solutions, with profitability helped by cost efforts and a one-off tariff refund.
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.
