LG RELEASES PRELIMINARY EARNINGS FOR SECOND-QUARTER 2016

  • Updated
  • 07-11-2016

SEOUL, Jul. 11, 2016 — LG Electronics Inc. (LG) today announced its preliminary earnings results for the second quarter of 2016.

Tentative consolidated revenues for the second of 2016 is 14 trillion KRW and operating profit is 584.6 billion KRW. Revenues are expected to be 0.5 percent higher than the same period the year prior while operating profit will be 139.5 percent higher year-over-year.

 

(Unit: KRW bn) 

 

2016 2Q

2016 1Q

QoQ

2015 2Q

YoY

SALES

14,001.7

13,362.1

4.8%

13,925.7

0.5%

OPERATING PROFIT

584.6

505.2

15.7%

244.1

139.5%


These figures are the tentative consolidated earnings based on K-IFRS. This tentative earnings is provided as a service to investors prior to LG Electronics’ final earnings results including net profit and details regarding each division which will be announced officially later this month.

 

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About LG Electronics, Inc.

LG Electronics, Inc. (KSE: 066570.KS) is a global leader and technology innovator in consumer electronics, mobile communications and home appliances, employing 83,000 people working in 119 locations around the world. With 2014 global sales of USD 55.91 billion (KRW 59.04 trillion), LG comprises four business units ― Home Entertainment, Mobile Communications, Home Appliance & Air Solution, and Vehicle Components ― and is one of the world’s leading producers of flat panel TVs, mobile devices, air conditioners, washing machines and refrigerators. For more news please visit www.LGnewsroom.com.

 

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