Search QatarPRNetwork.com

Home >> Banking & Investments

LG Releases Preliminary Earnings For Third-Quarter 2021

LG Releases Preliminary Earnings For Third-Quarter 2021

Wednesday, October 13, 2021/ Editor -  

Share

Home >> Banking & Investments

October 13, 2021:   LG Electronics Inc. (LG) today announced its preliminary earnings results for the third quarter of 2021.

LG reported tentative consolidated revenues of KRW 18.8 trillion, an increase of 22 percent from the same quarter the previous year and the highest quarterly revenue in the company’s history. In line with current accounting standards, LG will include a provision of approximately KRW 480 billion in the third quarter for the recall of the Chevy Bolt EV. Operating profit of KRW 540.7 billion is expected to be 49.6 percent lower than the third quarter a year ago after reflecting the recall provision.

LG Electronics terminated its mobile phone business at the end of July and is treating the Mobile Communications Company’ performance as a discontinued operating loss. Earnings for the previous year and the same period the previous year have been restated for comparative purposes.

These figures are the tentative consolidated earnings based on K-IFRS provided as a service to investors prior to LG Electronics’ final earnings results including net profit. Details regarding each division which will be announced officially later this month.


Previous in Banking & Investments

Next in Banking & Investments


Home >> Banking & Investments Section

Latest Press Release

Doha's Dining Scene Set to Light Up with the Launch of Friday Brunch at Vertigo, ...

Dukhan Bank Announces The Launch of the First Limited Edition, Eco-friendly Prep ...

Masraf Al Rayan and Al Khaliji Complete Merger

Dukhan Bank Launches Personal Finance Campaign on the Occasion of Qatar National ...

Aspire Academy Global Summit on Sports Performance Returns with Top Stars and E ...

More Cravings by Marriott Bonvoy™ Announces Exclusive Festive Offers

Hyatt Regency Oryx Doha welcomes Qatar Society for Rehabilitation of Special Nee ...

Qatar Post Launches the Official Stamp for FIFA Arab Cup Qatar 2021™

Dukhan Bank Announces Financial Results for the Third Quarter of 2021; Achieves ...

MEEZA Reveals the Launch of its 4th M-VAULT 4 Data Center Building in Concurrenc ...

Big Crown Pointer Date Calibre 403

QF Student Stands Up to Bullying

Al Meera Opens its Second Wholesale Branch in Al Wakrah Central Market

Pandora and World-Renowned Author, Nadia Owusu, Release a Collection of Festive ...

ASTRONEF is a New mechanical Masterpiece Presented by Ateliers Louis Moinet

Al Meera Celebrates Grand Opening of First Wholesale Branch at Sailiya, Al Rayya ...

FIFA World Cup Qatar 2022™ Preparations are the Best-Ever, FIFA President tells ...

Dukhan Bank Names 10 Winners to Exclusive Hospitality Packages for FIFA Arab Cup ...

QIC Group Successfully Participates in Qatar Travel Mart 2021

WCM-Q Student Researchers Highlight the Effects of Flavonoids on COVID-19