LG releases Preliminary Earnings for Q4 2017

788

LG today announced its preliminary earnings results for the fourth quarter of 2017.

Tentative consolidated revenues for the fourth quarter of 2017 is nearly KRW 16.9 trillion with an operating profit of KRW 366.8 billion.

Revenues are expected to be 14.8 percent higher with operating profit turning from a loss to a gain from the same quarter one year prior.

Total annual sales of almost KRW 61.4 trillion is expected to be 10.9 percent higher year-over-year and operating profit of KRW 2.4 trillion will see an increase of 84.5 percent over 2016.

(Unit: KRW bn)

2017 4Q 2016 4Q YoY (%) 2017 3Q QoQ (%) 2017 Total 2016

Total

YoY
SALES 16,969.7 14,777.8 14.8% 15,224.1 11.5% 61,402.4 55,367.0 10.9%
OPERATING INCOME (loss) 366.8 -35.2 516.1 -28.9% 2,468.5 1,337.8 84.5%

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

 

This site uses cookies, tokens, and other third party scripts to recognize visitors of our sites and services, remember your settings and privacy choices, and - depending on your settings and privacy choices - enable us and some key partners to collect information about you so that we can improve our services and deliver relevant ads.

 

By continuing to use our site or clicking Agree, you agree that Rapid Mobile and our key partners may collect data and use cookies for personalized ads and other purposes, as described more fully in our privacy policy.

 

You can change your settings at any time by clicking Manage Settings or by visiting our Privacy Centre for more detailed information.

 

Cookie Services

When you visit any website, it may store or retrieve information on your browser, mostly in the form of cookies. Because we respect your right to privacy, you can choose not to allow some types of cookies. Click on the different category headings to find out more and change our default settings. However, blocking some types of cookies may impact your experience of the site and the services we are able to offer.

These cookies are necessary for the website to function and enable essential services and functonality, including identify verification, service continuity and site security. Opt out is not availabe.

Essential Session management cookies for logged in users
  • wordpress_test_cookie
  • wordpress_logged_in_
  • wordpress_sec

For perfomance reasons we use Cloudflare as a CDN network. This saves a cookie "__cfduid" to apply security settings on a per-client basis. This cookie is strictly necessary for Cloudflare's security features and cannot be turned off.
  • __cfduid

We use WooCommerce as a shopping system. For cart and order processing 2 cookies will be stored. This cookies are strictly necessary and can not be turned off.
  • woocommerce_cart_hash
  • woocommerce_items_in_cart

Used by Spamshield to stop spam signups
  • _wpss_h_
  • _wpss_p_

Decline all Services
Accept all Services