Published on January 10th, 2020 | by The GC Team0
Full-year operating profit down 10% at LG
LG Electronics has announced preliminary earnings results for the fourth quarter and full-year of 2019, anticipating consolidated revenues of KRW 16.1 trillion in the quarter with an operating profit of KRW 98.6 billion.
Total annual sales reached almost KRW 62.3 trillion, the highest annual sales in LG history, surpassing KRW 60 trillion for the third year in a row, with operating profit of KRW 2.4 trillion expected to be 10% lower than the previous year.
Details regarding each division will be announced officially later this month.