Vertical Divider

LGE Y/Y Revenue and OP Up 1.8% in Q319 
October 14, 2019
 
LG Electronicsreported preliminary 3Q guidance of 15.69t won ($13.11b US$), up 1.8% Y/Y and operating profit of 781.1b won ($652.8m US).  LGE gives no details until the actual 3Q release later this month, however improved operating profit is suspected to come from reduced losses in the company’s smartphone business and strong appliance sales.  The company has been aggressively cutting costs associated with smartphone production by moving production to Vietnam.  TV sales are also expected to have been better.