Published on July 10th, 2018 | by The GC Team0
LG announces Q2 preliminary earnings
LG Electronics has announced its preliminary earnings results for the second quarter of 2018, reporting consolidated revenues of KRW 15 trillion with an operating profit of KRW 771 billion.
Sales are expected to be 3.2% higher than the same quarter the previous year with operating profit up 18.5% year on year.
LG recorded KRW 30.1 trillion in sales and KRW 1.9 trillion in operating profit in the first half of year, the highest for the period in the history of the company and the first time sales have exceeded KRW 30 trillion in the first six months.
Details regarding the performance of each division will be announced later this month.