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Thursday, 30 April 2020

LG posts historic Q1 but mobile division still loses money

LG posted its Q1 numbers and they paint a great overall picture. The company's consolidated revenue was KRW 14.73 trillion ($12.4b) on which it made KRW 1.09 trillion ($921.4m) in operating profit. This is just the second time in its history that LG has exceeded KRW 1 trillion in the first quarter of a year. LG's Home Appliance & Air Solution and Home Entertainment companies did well, posting KRW 8.39 trillion ($6.95b) in revenue. However LG's Mobile division reported just KRW 998.6 billion ($843.9m) in sales and a resulting operating loss of KRW 237.8 billion ($200.96m). That loss has...



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