JEDDAH: LG Electronics Inc. (LG) announced its preliminary earnings results for the third quarter of 2022.
LG reported revenues of KRW 21.2 trillion in the third quarter of 2022, 14 percent higher than the same quarter of the previous year. Operating profit for the third quarter was KRW 746.6 billion, expected to be 25 percent higher than the same quarter of the previous year.
These figures are the tentative consolidated earnings based on K-IFRS provided as a service to investors prior to LG Electronics’ final earnings results including net profit. Details regarding each division will be announced officially later this month. # #
About LG Electronics, Inc.
LG Electronics is a global innovator in technology and consumer electronics with a presence in almost every country and an international workforce of more than 75,000. LG’s four companies – Home Appliance & Air Solution, Home Entertainment, Vehicle component Solutions and Business Solutions – combined for global sales of over USD 56 billion in 2020. LG is a leading manufacturer of consumer and commercial products ranging from TVs, home appliances, air solutions, monitors, service robots, automotive components and its premium LG SIGNATURE and intelligent LG ThinQ brands are familiar names world over.
