SEOUL, Oct. 7, 2016 ― LG Electronics Inc. (LG) today announced its preliminary earnings results for the third quarter of 2016.
Tentative consolidated revenues for the third of 2016 is 13 trillion KRW and operating profit is 283.2 billion KRW. Revenues are expected to be 5.8 percent lower and operating profit 3.7 percent lower than the same period the year prior.
(Unit: KRW bn)
|
2016 3Q (Estimated) |
2016 2Q |
QoQ |
2016 3Q |
YoY |
|
|
SALES |
13,221.0 |
14,002.9 |
-5.6% |
14,028.8 |
-5.8% |
|
OPERATING PROFIT |
283.2 |
584.6 |
-51.6% |
294.0 |
-3.7% |
These figures are the tentative consolidated earnings based on K-IFRS. This tentative earnings is provided as a service to investors prior to LG Electronics’ final earnings results including net profit and details regarding each division which will be announced officially later this month.
