LG Electronics Q2 operating profit up 146.9% to $1 bil.
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(Seoul = Yonhap News) Reporter Kang Tae-woo = LG Electronics [066570] recorded its highest-ever second-quarter performance in both revenue and operating profit in the second quarter of this year.
LG Electronics Q2 operating profit up 146.9% to $1 bil.
LG Electronics on Tuesday estimated its second-quarter operating profit at 1.57 trillion won ($1 billion), up 146.9 percent from a year earlier. The global electronics giant said revenue increased 14.9 percent to 23.82 trillion won. The data for net profit was not available. The company will release its final earnings report later.
LG Electronics Announces Q2 Earnings... Revenue and Operating Profit Both Hit All-Time Highs for the Second Quarter. On the 7th, LG Electronics announced preliminary consolidated results for the April-June quarter of this year, reporting revenue of 23.8297 trillion won and an operating profit of 1.5788 trillion won. These figures represent increases of 14.9% and 146.9%, respectively, compared to the same period last year.
[Digital Daily Reporter Ok Song-i] LG Electronics achieved its highest-ever revenue and operating profit for the second quarter of this year. Sales of premium products increased in core businesses such as home appliances and TVs, while expanded air conditioner sales during the seasonal peak and growth in the automotive components business supported the results. LG Electronics disclosed on the 7th that it recorded preliminary consolidated revenu…
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