LG Electronics Surpasses 3 Trillion Won in Annual Operating Profit for the First Time... Record High Sales (2nd Report)
[Asia Economy Reporter Kim Heung-soon] LG Electronics announced on the 29th that its consolidated operating profit for last year reached 3.195 trillion KRW, an increase of 31.1% compared to the previous year. This is the first time its annual operating profit has exceeded 3 trillion KRW. Sales amounted to 63.262 trillion KRW, up 1.5% from the previous year, marking an all-time high on an annual basis.
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Operating profit for the fourth quarter of last year was 650.2 billion KRW, a 538.7% increase compared to the same period last year, while sales for the same period rose 16.9% to 18.7808 trillion KRW.
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