LG Releases Preliminary Earnings for Third-Quarter 2018

LG Electronics Inc. (LG) today announced its preliminary earnings results for the third quarter of 2018.

LG reported tentative consolidated revenues for the third quarter of 2018 at KRW 15.4 trillion – the highest third quarter revenues in the company’s history – and an operating profit of KRW 745.5 billion. Sales are expected to be 1.3 percent higher than the same quarter the previous year with operating profit up 44.4 percent year-on-year.

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.