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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.
Industry
LG Electronics posts Q4 operating loss of 109.0 billion won, swings to deficit
LG Electronics swings to an operating loss in the fourth quarter after reflecting costs related to a companywide voluntary retirement programme, though annual revenue hits a record. The company reports fourth-quarter revenue of 23.8522 trillion won and an operating loss of 109.0 billion won. For 2025, revenue rises 1.7 percent to 89.2009 trillion won, while operating profit falls 27.5 percent to 2.4784 trillion won.
