LG Elec. Estimates That Consolidated Operating Profit Came to KRW 584.6 billion for Q2

Hyunjoo Kang / jjoo@olednet.com

LG Electronics Inc. (LG) today announced its preliminary earnings results for the second quarter of 2016

Tentative consolidated revenues for the second of 2016 is 14 trillion KRW and operating profit is 584.6 billion KRW. Revenues are expected to be 0.5 percent higher than the same period the year prior while operating profit will be 139.5 percent higher year-over-year.

(Unit: KRW bn)

	2016 2Q	2016 1Q	QoQ	2015 2Q	YoY
SALES	14,001.7	13,362.1	4.8%	13,925.7	0.5%
OPERATING PROFIT	584.6	505.2	15.7%	244.1	139.5%

 

These figures are the tentative consolidated earnings based on K-IFRS. This tentative earnings 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.