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LG revenues slip in Q1, but improvement expected ahead despite slower world economy

Tuesday 30 April 2019 | 14:16 CET | News
LG Electronics confirmed that revenues went to KRW 14.915 trillion in the first quarter, a decrease of 1.4 percent from the year before and down 5.4 percent from the previous quarter. The operating profit went a bit higher at KRW 900.6 billion than announced with preliminary results. The figure dropped over 200 percent year-on-year but was almost 825 percent higher sequentially. The net profit amounted to KRW 578 billion, down 152 percent from the year earlier but up almost 659 percent from the fourth quarter. The same trend could be seen with the EBITDA at KRW 1.509 billion, which was down

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Categories: Mobile & Wireless
Companies: LG
Countries: World
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