UPDATED. 2024-11-07 10:08 (목)
LG Electronics sees revenue grow 22% in Q3
LG Electronics sees revenue grow 22% in Q3
  • Gijong Lee
  • 승인 2021.11.01 10:10
  • 댓글 0
이 기사를 공유합니다

Its highest quarterly figure ever
Operating profit halved from General Motors recall
Image: LG Electronics
Image: LG Electronics

LG Electronics said on Thursday that it has recorded 18.78 trillion won in revenue and 540.7 billion won in operating profit during the third quarter.

Sales is its highest for a quarter ever and an increase of 22% from the same time period in 2020.

Operating profit dropped 49.6% year-on-year from its cost of covering General Motors’ recall of Bolt EV.

LG Electronics credited premium appliances sales and solid performance of its OLED TV for the revenue growth.

Its home appliance business earned 505.4 billion won in operating profit during the quarter.

It saw growth in North America, Europe and Central and South America during the quarter, LG Electronics said.

The TV business recorded 208.3 billion won in operating profit. OLED TV sales led to profitability that offset rising costs in liquid crystal display TVs, the South Korean tech firm said.

Meanwhile, LG Electronics will spend 480 billion won to cover its part on the US car brand’s recall of Bolt EV.


댓글삭제
삭제한 댓글은 다시 복구할 수 없습니다.
그래도 삭제하시겠습니까?
댓글 0
댓글쓰기
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
ND소프트