403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
S. Korea’s LG Electronics Reports Record Revenue
(MENAFN) LG Electronics reported its highest-ever first-quarter revenue on Wednesday, fueled by surging consumer demand for premium home appliances and televisions.
The South Korean tech powerhouse logged revenue of 23.73 trillion won — approximately 16.1 billion U.S. dollars — for the January-March period, marking a 4.3 percent increase year-on-year and setting an all-time record for any opening quarter in the company's history.
The financial momentum extended well beyond the top line. Operating profit surged 32.9 percent to 1.67 trillion won, while net income rose 14.8 percent to 1.01 trillion won — underscoring the strength and breadth of LG's earnings recovery.
The results arrive against a backdrop of persistent global economic uncertainty, yet the company's core divisions proved resilient. LG credited its premium product strategy across the home appliances and TV segments as the primary engine behind the robust quarterly showing.
The record-breaking quarter signals that consumer appetite for high-end electronics remains firmly intact, even as broader macroeconomic headwinds continue to weigh on markets worldwide.
The South Korean tech powerhouse logged revenue of 23.73 trillion won — approximately 16.1 billion U.S. dollars — for the January-March period, marking a 4.3 percent increase year-on-year and setting an all-time record for any opening quarter in the company's history.
The financial momentum extended well beyond the top line. Operating profit surged 32.9 percent to 1.67 trillion won, while net income rose 14.8 percent to 1.01 trillion won — underscoring the strength and breadth of LG's earnings recovery.
The results arrive against a backdrop of persistent global economic uncertainty, yet the company's core divisions proved resilient. LG credited its premium product strategy across the home appliances and TV segments as the primary engine behind the robust quarterly showing.
The record-breaking quarter signals that consumer appetite for high-end electronics remains firmly intact, even as broader macroeconomic headwinds continue to weigh on markets worldwide.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept any
responsibility or liability for the accuracy, content, images, videos,
licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright issues
related to this article, kindly contact the provider above.
Comments
No comment