LG Electronics' Q2 Sales Hit 'Record High'...Operating Profit Down 12% (Update)
[Asia Economy Reporter Park Sun-mi] On the 29th, LG Electronics announced that it recorded consolidated sales of 19.464 trillion KRW and operating profit of 792.2 billion KRW for the second quarter of this year.
The sales figure was the highest ever for the second quarter, representing a 15.0% increase compared to the same period last year. Operating profit decreased by 12.0%. The operating profit margin was 4.1%, down 1.2 percentage points from the same period last year.
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By business division, the H&A Business Division recorded sales of 8.0676 trillion KRW and operating profit of 432.2 billion KRW. The HE Business Division posted sales of 3.4578 trillion KRW and an operating loss of 18.9 billion KRW, while the VS Business Division recorded sales of 2.0305 trillion KRW and operating profit of 50.0 billion KRW. The BS Business Division reported sales of 1.5381 trillion KRW and operating profit of 14.3 billion KRW.
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