LG Releases Preliminary Earnings for Second-quarter 2021
July 12, 2021: LG Electronics Inc. (LG) today announced its preliminary earnings results for the second quarter of 2021.
LG reported tentative consolidated revenues of KRW 17.1 trillion, an increase of 48.4 percent from the same quarter the previous year and the highest quarterly revenue in the company’s history. Operating profit of KRW 1.1 trillion is expected to be 65.5 percent higher than the second quarter a year ago.
With the official closure of the LG Mobile Communications Company at the end of the month, the unit’s earnings will not be reflected in this quarter’s earnings report and will be treated as discontinued operating losses. Earnings for the first quarter of 2021 will also be adjusted to reflect this change, to KRW 17.8 trillion in revenues and KRW 1.8 trillion in operating profit.
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.
Home >> Banking & Investments Section
SAP Appoints New Managing Director for Kuwait
KIB announces winners of Al Dirwaza account's weekly draw April 2024
Burgan Bank Sponsors Free Jabriya's Latest Musical Festival “Macintosh”
KIB offers the best financing offer on Nissan Patrol models through KIB PayTally ...
Ooredoo Kuwait confirms its leadership in supporting sustainability solutions on ...
Hysek reveals iconic timepieces at Watches & Wonders 2024
KIB recognized as ‘Best Bank in Financial Literacy Program MENA' by CFI.co
Burgan Bank Continues Its Support for KACCH & BACCH for the 23rd Consecutive Yea ...
Khabib's Official Training Gloves Will Be Sold at Tooba Charity Auction in Dubai
Burgan Bank Sponsors the Bristol Rovers Football Academy
Porsche Centre Shuwaikh unveils the 2024 Panamera
Burgan Bank Adds Birthday Leaves to Employee Benefits
Burgan Concludes Sponsorship of Kuwait Equestrian Federation's 2023/2024 Tour
KIB shares Iftar meal with security guards as part of its Ramadan campaign
A Deep Dive into the New HUAWEI FreeClip: What Makes the C-bridge Design a Truly ...
KIB announces winners of Al Dirwaza account's monthly and weekly draw
Watches & Wonders 2024 Unico: Hublot's Manufacture Calibre
Bremont introduces a new generation of its Supermarine diving watch series
Ooredoo Kuwait Wraps Up Ramadan 2024 with a Range of Community-Driven Initiative ...
Burgan Bank continues to serve Its customers during Eid Al-Fitr holiday