KuwaitPR.com, Online Press Release from Kuwait
 
Business, Banking and Investments(Banking & Investments)
Filter PR by
  
LG Releases Preliminary Earnings for Second-quarter 2021
 
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.

Posted by : Kuwait PR Network Editorial Team
Viewed 17409 times
PR Category : Banking & Investments
Posted on : Monday, July 12, 2021  3:29:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of KuwaitPR.com.
Previous Story : Standard Chartered Global Focus Q3 2021: Navigating a Vulner...
Next Story : BFL Group Enters the Kuwait market with first Brands For Les...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Style Your Story in New Ways With Pandora [6580-Views]
Time with Michael Phelps [6556-Views]
Samsung's 2021 The Wall is Now Available Worldwide [6331-Views]
British-Born MG Motor Gains in Popularity during the first half of 2021 in the Middle East [5077-Views]
Police Backpacks [4745-Views]
Max Factor Welcomes Priyanka Chopra-Jonas As Global Ambassador And Creative Collaborator [4624-Views]
Pandora's Global Muses Celebrate the Return of Special Occasions [3944-Views]
Presenting TARONGA - the new addition to the Rebel collection [3633-Views]
Standard Chartered Global Focus Q3 2021: Navigating a Vulnerable Recovery [3306-Views]
Max Factor X Priyanka Chopra Jonas: Matte Confidence Look [2158-Views]
Curly Hair Girls Rejoice! Cult Haircare Brand SASHAPURE Launches in the Middle East [1671-Views]
Nissan Al Babtain Summer Offers Five Years of Trust & Peace of Mind [1521-Views]
Burgan Bank Announces its Special Monthly ‘Mega Hit' Offer on “Black & Decker Digital Air Fryer Ove... [1394-Views]
Stella McCartney Boutique Opens in the Avenues, Kuwait with Trafalgar Luxury Group [1351-Views]
Burgan Bank Celebrates the Successful Graduation of 28 Direct Sales Employees [1297-Views]
Burgan Bank Announces Names of the Daily Lucky Winners of Yawmi Account Draw - [1272-Views]
Burgan Bank Announces Names of the Daily Lucky Winners of Yawmi Account Draw [1209-Views]
Burgan Bank Relaunches its Birthday Gifts for All Customers on their Birthdays! [1203-Views]
Joyalukkas Exchange Opens New Branch In Fahaheel, Kuwait [1095-Views]
Burgan Bank Reports Solid Q2 Results with a 36% Revenues Growth [1087-Views]
 
RSS Facebook Twitter LinkedDin KuwaitPR.com on Instagram
 
Top Sections
 
Top Stories