UPDATED. 2024-06-21 07:30 (금)
LG posts record Q1 profit and revenue from appliances, TVs
LG posts record Q1 profit and revenue from appliances, TVs
  • Gijong Lee
  • 승인 2021.04.30 21:09
  • 댓글 0
이 기사를 공유합니다

Operating income increases 39.1%
Image: LG Electronics
Image: LG Electronics

LG Electronics said on Thursday that it has posted 18.8 trillion won in revenue and 1.516 trillion won in operating income in the first quarter.

Revenue jumped 27.7% and operating income 39.1% from a year ago.

Both revenue and operating income was the company’s highest quarterly result ever.

LG said strong performances from its home appliances and air solution business as well as its home entertainment business, which sells TVs, helped the growth.

The former recorded 919.9 billion won in operating income, while the latter posted 403.8 billion won.

The home appliances business’ operating margin rate for the quarter was 13.7%, while the home entertainment unit marked 10.1%.

LG said it saw expanded sales of its premium appliances, OLED TVs and Nanocell TVs. Demand for these products increased in major markets following their recovery after the pandemic, the South Korean company said.

The mobile communication business posted 280.1 billion won in operating loss. The vehicle solution unit recorded 700 million won in operating loss.

Its business solution unit, which sells IT devices to business customers, posted 134 billion won in operating income.

LG said it expected large growth in the second quarter as well, from continued demand for its appliances and TVs from the recovery of the global economy.

삭제한 댓글은 다시 복구할 수 없습니다.
그래도 삭제하시겠습니까?
댓글 0
계정을 선택하시면 로그인·계정인증을 통해
댓글을 남기실 수 있습니다.

  • 515, Nonhyeon-ro, Gangnam-gu, Seoul, Republic of Korea 4F, Ahsung Bldg.
  • 대표전화 : 82-2-2658-4707
  • 팩스 : 82-2-2659-4707
  • 청소년보호책임자 : Stan LEE
  • 법인명 : The Elec Inc.
  • 제호 : THE ELEC, Korea Electronics Industry Media
  • 등록번호 : 서울, 아05435
  • 등록일 : 2018-10-15
  • 발행일 : 2018-10-15
  • 발행인 : JY HAN
  • 편집인 : JY HAN
  • THE ELEC, Korea Electronics Industry Media Prohibiting unauthorized duplication,publishing,modification and distribution the material on this Site for any purpose.
  • Copyright © 2024 THE ELEC, Korea Electronics Industry Media. All rights reserved. mail to powerusr@thelec.kr