LG

LG announces preliminary earnings results for first quarter of 2018

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LG today announced its preliminary earnings results for the first quarter of 2018.  The company reported tentative consolidated revenues for the first quarter of 2018 at KRW 15.1 trillion with an operating profit of KRW 1.1 trillion, marking the highest first quarter revenues and operating profit in the history of the company.

Sales are expected to be 3.2 percent higher than the same quarter the previous year with operating profit being up 20.2 percent year-on-year.

That’s up 20 percent year-on-year and it represents the first time LG has made a profit of over 1 trillion KRW in the first quarter of the financial year.

The financial forecasts don’t include in-depth analysis of LG’s divisions — the full earnings are due later this month — so we don’t yet know what is driving this record.

These figures are the tentative consolidated earnings based on K-IFRS provided as a service to investors prior to LG Electronics’ final earnings results including net profit. Details regarding each division which will be announced officially later this month.

 

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