LG RELEASES PRELIMINARY EARNINGS FOR FIRST-QUARTER 2017
TORONTO, Apr. 7, 2017 — LG Electronics Inc. (LG) today announced its preliminary earnings results for the first quarter of 2017.
Tentative consolidated revenues for the first of 2017 is 14.7 trillion KRW and operating profit is 921.5 billion KRW. Revenues are expected to be 9.7 percent higher and operating profit 82.4 percent higher than the same period the year prior.
(Unit: KRW bn)
These tentative earnings are provided as a service to investors prior to LG Electronics’ final earnings results. The final results will also include the net profit and details regarding each division, to 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 77,000 people working in 125 locations around the world. With 2016 global sales of USD 47.9 billion (KRW 55.4 trillion), LG comprises four business units ― Home Appliance & Air Solutions, Mobile Communications, Home Entertainment and Vehicle Components ― and is one of the world’s leading producers of flat panel TVs, mobile devices, air conditioners, washing machines and refrigerators. LG Electronics is a 2016 ENERGY STAR Partner of the Year. For more news and information on LG Electronics, please visit www.LGnewsroom.com.
LG Electronics, Inc.
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