LG Electronics' Q3 Profit Rises on Home Appliances, Auto Parts
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5 Articles
LG Electronics' Q3 profit rises on home appliances, auto parts
LG Electronics reported solid earnings growth in the third quarter, driven largely by strong performance in its home appliance and vehicle component businesses, the company said Wednesday in a regulatory filing. The electronics maker posted an operating profit of 781.8 billion won ($583 million) for the July-September period, up 13.5 percent from a year earlier. Sales rose 8.9 percent to 23.82 trillion won. The company attributed the growth to r…
(Seoul = Yonhap News) KOSPI-listed company LG Electronics [066570] reported a consolidated operating profit of 781.8 billion won for the third quarter of this year, up 13.5% from the same period last year...
LG Electronics Continues Q3 Operating Profit of 781.8 Billion Won, Driven by Cash Cows in Home Appliances and Automotive Electronics, and TV Recovery; TV Business Expands Sales of Premium Products. LG Electronics continued its performance improvement in the third quarter, fueled by robust profitability in its home appliance and automotive electronics businesses, improved profitability in the TV business, and growth in its B2B business.
LG Electronics surpassed 4 trillion won in cumulative operating profit for the first time through the third quarter of this year, driven by robust growth in its home appliance and automotive electronics businesses. Home appliances and automotive electronics acted as cash cows in the business-to-consumer (B2C) and business-to-business (B2B) sectors, respectively, while the profitability of the TV business also improved. However, third-quarter ope…
[Digital Daily Reporter Ok Song-i] LG Electronics announced on the 7th that it recorded preliminary consolidated sales of 23.827 trillion won and an operating profit of 781.8 billion won for the third quarter of this year. Sales increased by 8.9% compared to 21.8737 trillion won in the same period last year. Operating profit also rose by 13.5% from 688.9 billion won during the same period last year. However, profitability declined significantl…
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