Daily Management Review

LG Electronics estimates revenue growth of 14 percent in Q3


10/07/2022


According to a recently revealed preliminary estimate from LG Electronics in South Korea, third-quarter 2022 revenue could increase 14% year over year to 21.2 trillion won ($15.1 billion).



GillyBerlin
GillyBerlin
The estimate shows that operating profit grew by 25% year over year to 746.6 billion won ($532 million) in the reporting period.

In the second quarter, the business reported revenues of 19.464 trillion won ($15 billion) and operating profits of 792.2 billion won ($611.2 million).

LG Electronics, a South Korean manufacturer of consumer electronics and mobile devices has been one of the three market leaders for cell phones for a considerable amount of time. The company's headquarters are in Seoul, where it was established in 1958.

source: ft.com