LG Release Preliminary Earnings For Fourth-Quarter 2016
SEOUL, Jan. 6, 2017/ Korea IT Times — LG Electronics Inc. today announced its preliminary
earnings results for the fourth quarter of 2016.
Tentative consolidated revenues for the fourth quarter of 2016 is 14.78 trillion KRW and
operating loss is 35.3 billion KRW. Revenues are expected to be 11.8 percent higher than
the previous quarter.
(Unit: KRW bn)
2016 4Q(Estimated): SALES 14,781.9, OPERATING PROFIT △35.3,
2016 3Q : SALES 13,224.3, OPERATING PROFIT 283.2
QoQ : SALES 11.8% --
2015 4Q : SALES 14,560.1, OPERATING PROFIT 349.0
YoY : SALES 1.5% --
These figures are the tentative consolidated earnings based on K-IFRS. This tentative
earnings is provided as a service to investors prior to LG Electronics’ final earnings results
including net profit and details regarding each division which will be announced
officially later this month.