LG Publishes Preliminary Earnings For Q3 2017 - Sundiata Tech


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Tuesday, October 10, 2017

LG Publishes Preliminary Earnings For Q3 2017

Q3 2017 just ended and the time for financial reports has come. LG Electronics published its preliminary data for the July-September period. The Korean company expects sales of KRW15.2 trillion (around $13.3 billion), while the operating income is predicted to be KRW516.1 billion ($454.4 million). These results are preliminary, with the official results expected to be announced later this month.

Compared with April-June 2017, LG had a 22.3% decline in operating income, while sales were up 4.6%. The year over year comparison looks better though - profits rose 82.2% and revenues increased by 15.2%.

We'll have to wait for the detailed earnings report to know how the Mobile Communications division fared. Hopefully it improved over its Q1 and results.


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