LG Released Preliminary Earnings For the Third-Quarter of 2019

LG Released Preliminary Earnings For the Third-Quarter of 2019

Foto: Depositphotos

LG announced its preliminary earnings results for the third quarter of 2019. The company said they have increased revenue and operating profit year-on-year.

Korean electronics giant reported consolidated revenues of nearly 15.7 trillion Korean won in the third quarter of 2019. They've had operating profit of KRW 781.1 billion. Cumulative sales for the first three quarters of 2019 totalling KRW 46.24 trillion were the highest in the company’s history.

Revenue and operating profit increased 1.8 percent and 4.3 percent from the same quarter the previous year. These figures are the tentative consolidated earnings based on K-IFRS and are provided as a service to investors prior to LG’s final earnings results, details which will be officially announced later this month.

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