LG Corp. Reports Operating Profit of 1.589 Trillion KRW Last Year, Down 18% YoY
LG Group's holding company, LG Corporation, announced on the 18th that its annual consolidated operating profit for last year was tentatively estimated at 1.589 trillion KRW, down 18.2% compared to the previous year.
Net profit for the period decreased by 33.2% to 1.4143 trillion KRW. Sales increased by 3.6% to 7.4453 trillion KRW.
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The company explained, "The revenue or profit structure changed due to the base effect reflecting changes in equity-method income caused by decreased profits of subsidiaries and the discontinued operating loss of D&0 Corporation in 2022."
This content was produced with the assistance of AI translation services.
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