LG Electronics: Q1 results, sales and profits decline

By EarningEstimate, Company

LG Electronics: Q1 results, sales and profits decline

Seoul

May 17, 2019

LG Electronics

On 30 April,  announced the results (consolidated basis) of the first quarter (Jan-March) of 2019.

Sales in the first quarter

14,915.1 billion won (about 1,491.5 billion yen, 1 won = about 0.1 yen), down 1.4% from the same period last year,

Operating income

decreased by 18.7% to 900.6 billion won (see attached document).

Operating profit of home entertainment such as organic EL TV decreased.

The expansion of the operating loss of mobile communications such as mobile phones has had a major impact.

-JETRO

https://www.jetro.go.jp/biznews/2019/05/a558aa60951917c6.html

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