US EditionLG Electronics remains in red in Q4 on weak demand, restructuring costs
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[Digital Daily, Reporter Ok Song-gi] LG Electronics has achieved record-high sales for two consecutive years, driven by robust performance in its core home appliance and automotive electronics businesses. However, in the fourth quarter of last year, the company recorded its first operating loss in nine years, raising concerns about its profitability. On the 30th, LG Electronics announced that its consolidated annual sales for 2019 reached KRW 8…
LG Electronics remains in red in Q4 on weak demand, restructuring costs
Seoul, Jan 30 (SocialNews.XYZ) LG Electronics said on Friday it remained in the red in the fourth quarter of 2025 from a year earlier, due mainly to weak market demand coupled with one-off costs caused by its restructuring programme. Its net loss came to 725.9 billion won (US$505.7 million) for the October-December period, compared with a loss of 713.7 billion won posted a year earlier, the company said in a regulatory filing. LG Electronics pos…
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