LG Corp. Q3 Revenue Rises 2.2% to KRW 2.04 Trillion; Operating Profit Falls 21.8%
Revenue of KRW 2.0404 trillion, operating profit of KRW 327.7 billion
Impact of weak performance in chemical businesses
LG Corp., the holding company of LG Group, announced on Nov. 12 that it recorded consolidated revenue of KRW 2.0404 trillion and operating profit of KRW 327.7 billion in the third quarter of this year.
Revenue rose 2.2% from KRW 1.9961 trillion in the same period last year. Operating profit, however, fell 21.8%, from KRW 418.9 billion in the third quarter of last year to KRW 327.7 billion this year.
Cumulative equity-method income through the third quarter totaled KRW 707.2 billion, down about 11% year over year, partly due to weak performance in the chemical businesses. Trademark royalties and rental income came to KRW 370.7 billion, a slight increase from the same period last year.
Hot Picks Today
"Two Spend 500,000 Won in a Flash, Yet Wait Two Hours?" ... 'Dreamland' Shunned by Kids and Foreign Tourists
- The Era of Getting 200 Million Won After 30 Years Is Over... A Japanese Bank's "Perpetual Department Head" Who Just Clocked In Cries Out
- Spain Hit by Its Worst Tragedy... Lee Kangin, Moreno and Real Madrid Join Soccer World in Mourning
- They Said, “Make It Your Home for Life” - Then Suddenly Kicked 200 Passengers Off... What Happened to the Around-the-World Cruise?
- "130 Rice Bowls Sold Out in a Day"... 'Unfiltered Face' Adds 8 Million Won to Night Market Sales: China's Bungeunwoo
Supported by higher operating revenue, net income for the first nine months of the year rose 10% year over year to KRW 577.8 billion.
© The Asia Business Daily. All rights reserved. Unauthorized AI training and use prohibited.
