2019-05-01 REPIC Batteries header 468×80 industry news


Published on January 9th, 2019 | by The GC Team


LG Q4 operating profit falls 80%

LG Electronics has reported that operating profit for the fourth quarter of 2018 fell 80% on same quarter the previous year on revenues 7% weaker than a year ago.  

In its preliminary earnings release, the company reported consolidated revenues of nearly KRW 15.8 trillion with an operating profit of KRW 75.3 billion.

Total annual sales reached almost KRW 61.3 trillion, surpassing 60 trillion won for the second year in a row, with operating profit of KRW 2.7 trillion expected to be 9.5% higher than the previous year.

The company didn’t disclose details of its fourth quarter operations – its full results will be announced at the end of the month.


About the Author

Get Connected is the top trade journal for the UK electricals industry. Its website is the fastest, most interesting and up to date in the business.

Leave a Reply

Your e-mail address will not be published. Required fields are marked *

three + 8 =

Back to Top ↑

By clicking "Subscribe", you agree with our terms:
Mud Hut Publishing Ltd will use the information you provide on this form to be in touch with you with relevant news and content. You can change your mind at any time by clicking the unsubscribe link in the footer of any email you receive from us, or by contacting us at info@gcmagazine.co.uk. We will treat your information with respect. For more information please view our privacy policy.
Stay connected with GC’s regular news updates...