UPDATED. 2024-07-19 07:49 (금)
LG Electronics posts record annual revenue in 2021
LG Electronics posts record annual revenue in 2021
  • Lee Sang Won
  • 승인 2022.02.03 12:05
  • 댓글 0
이 기사를 공유합니다

High demand for premium appliances led growth, company says
Image: LG Electronics
Image: LG Electronics

LG Electronics said it has recorded 74.72 trillion won in revenue and 3.86 trillion won in operating income for the entire year of 2021.

The revenue figure is its highest to date, which the South Korean electronic maker credited to high sales of premium home appliances.

Revenue increased 28.7% from 2020. However, operating income dropped 1.1% over the same time period.

For the fourth quarter alone, LG recorded 21 trillion won in revenue and 677.7 billion won in operating income, an increase of 20.7% and a drop of 21.4%, respectively, from a year ago.

The home appliance business pitched in 6.52 trillion won and 151.71 billion won to the quarterly operating income figure.

LG said the business unit saw growth across all regions, especially in North America and Europe, during the quarter.

The unit’s operating income dropped 44.8% year-on-year however which the company said was caused by an increase in raw material and logistics costs.

LG’s TV business unit, meanwhile, recorded 5 trillion won in revenue and 162.7 billion won in operating income.

The company said it saw expanded sales of OLED TV despite the drop in overall demand for TVs globally.

The vehicle component unit and business-to-business unit both recorded losses however, from the chip shortage caused delays in automobile makers’ production schedules and an increase in logistics cost, respectively.

LG Electronics said it expected uncertainties from COVID-19 outbreaks and increase in raw material costs to persist in 2022, but will focus on offering premium products and supply chain management to secure profitability.

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