5th Jul 2024 08:22
LG ELECTRONICS INC.
(KRX: 066570)
PRE-EARNINGS GUIDANCE FOR 2Q 2024
(UNAUDITED OPERATING STATISTICS)
LG Electronics Inc. (the ''Company'') is pleased to announce certain unaudited operating statisticsof the Company and its subsidiaries (the ''Group'') for the 2nd quarter of 2024 as follows.
In the 2nd quarter of 2024, the Group's consolidated sales amounted to KRW 21,700.9 billion (ascompared to KRW 21,095.9 billion in 2024.1Q and KRW 19,998.4 billion in 2023.2Q), representinga quarter-on-quarter increase of 2.9% (QoQ 2.9%) and a year-on-year increase of 8.5% (YoY8.5%).
The Group's consolidated operating income amounted to KRW 1,196.1 billion (as compared to KRW1,335.4 billion in 2024.1Q and KRW 741.9 billion in 2023.2Q), representing a quarter-on-quarterdecrease of 10.4% (QoQ -10.4%) and a year-on-year increase of 61.2% (YoY 61.2%).
LGE Consolidated, K-IFRS |
| (Billions of KRW) | ||||
2024.2Q | 2024.1Q | QoQ(%) | 2023.2Q | YoY(%) | ||
Sales | 21,700.9 | 21,095.9 | 2.9% | 19,998.4 | 8.5% | |
Operating Income (Loss) | 1,196.1 | 1,335.4 | -10.4% | 741.9 | 61.2% | |
The above-mentioned sales data is unaudited and is based on preliminary internal information ofthe Group, which may differ from figures to be disclosed in the audited or unaudited consolidatedfinancial statements to be published by the Company. Further details of the Group's performancewill be disclosed when the Company announces its financial results for 2Q 2024. The above datais provided for investors' reference only. When in doubt, investors are advised to seek professionaladvice from professional or financial advisers.
LG Electronics Inc.IR Planning Team5 July, 2024 07336, KoreaLG Twin Towers128, Yeoui-daero, Yeongdeungpo-gu, Seoul
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