Menu Content
Go Top

Economy

LG Electronics' Q4 Operating Profit Down an Estimated 91%

Written: 2023-01-06 16:53:48Updated: 2023-01-06 19:31:23

LG Electronics' Q4 Operating Profit Down an Estimated 91%

Photo : YONHAP News

LG Electronics estimates that its fourth quarter operating profit plummeted more than 91 percent from a year earlier.

According to the company’s earnings guidance released on Friday, its operating profit for the October-to-December period is projected at 65-point-five billion won, or about 51-point-five million U.S. dollars, for a 91-point-two percent on-year nosedive.

The figure is also 79-point-five percent lower than the market estimate tallied in a survey by Yonhap Infomax, the financial data arm of Yonhap News Agency.

Revenue for the period stood at 21-point-86 trillion won.

Operating profit for the year likely fell 12-point-six percent on-year to three-point-five trillion won, while revenue rose 12-point-nine percent to just under 83-point-five trillion won.

Related News

Editor's Pick

Close

This website uses cookies and other technology to enhance quality of service. Continuous usage of the website will be considered as giving consent to the application of such technology and the policy of KBS. For further details >