LG RELEASES PRELIMINARY EARNINGS FOR FOURTH-QUARTER 2016

SEOUL, Jan. 6, 2017 — LG Electronics Inc. (LG) today announced its preliminary earnings results for the fourth quarter of 2016.

Tentative consolidated revenues for the fourth quarter of 2016 is KRW 14.78 trillion and operating loss is  KRW 35.3 billion. Revenues are expected to be 11.8 percent higher than the previous quarter.

                                                                                                                                              (Unit: KRW bn)

  2016 4Q 2016 3Q QoQ (%) 2015 4Q YoY (%)
SALES 14,781.9 13,224.3 11.8 14,560.1 1.5
OPERATING PROFIT △35.3 283.2 349.0

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.

 

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