Lg: good preliminary results

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LgQ2

Lg Electronics announced its preliminary earnings results for the second quarter of 2016. During this period, the company’s tentative consolidated revenues is of 14 trillion KRW and operating profit is 584.6 billion KRW. Revenues are expected to be 0.5 percent higher than the same period of the previous year, while operating profit will be 139.5 percent higher year-over-year.

Lg Electronic preliminary results
2Q-20161Q-2016QoQYoY
Sales14,001.713,362.14.8%0.5%
Operating profit584.6505.215.7%139.5%
(Unit: KRW billion)
Source: Lg Electronics