Dubai PR Network, Online Press Release from Dubai and Middle East
 
Business, Banking and Investments(Banking & Investments)
Filter PR by
  
LG Releases Preliminary Earnings For Third-Quarter 2021
 
LG Releases Preliminary Earnings For Third-Quarter 2021

October 13, 2021:   LG Electronics Inc. (LG) today announced its preliminary earnings results for the third quarter of 2021.

LG reported tentative consolidated revenues of KRW 18.8 trillion, an increase of 22 percent from the same quarter the previous year and the highest quarterly revenue in the company’s history. In line with current accounting standards, LG will include a provision of approximately KRW 480 billion in the third quarter for the recall of the Chevy Bolt EV. Operating profit of KRW 540.7 billion is expected to be 49.6 percent lower than the third quarter a year ago after reflecting the recall provision.

LG Electronics terminated its mobile phone business at the end of July and is treating the Mobile Communications Company’ performance as a discontinued operating loss. Earnings for the previous year and the same period the previous year have been restated for comparative purposes.

These figures are the tentative consolidated earnings based on K-IFRS provided as a service to investors prior to LG Electronics’ final earnings results including net profit. Details regarding each division which will be announced officially later this month.


Posted by : DubaiPRNetwork.com Editorial Team
Viewed 29378 times
PR Category : Banking & Investments
Posted on : Wednesday, October 13, 2021  9:45:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : International Protein (UAE), Anda Burada (Turkey) & Shadana ...
Next Story : Sahab Smart Solutions Demonstrates its Commitment to Quality...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Pandora and World-Renowned Author, Nadia Owusu, Release a Collection of Festive Stories to... [10578-Views]
ASTRONEF is a New mechanical Masterpiece Presented by Ateliers Louis Moinet [10184-Views]
Big Crown Pointer Date Calibre 403 [7228-Views]
Channelling Power of the Mind and Body is the Key to Success, say Mindvalley Experts at Sh... [4789-Views]
The Flormar Beauty Products we are Crushing on this Festive Season [3846-Views]
BMW Announce the X7 UAE 50th Year Edition to Mark the UAE's Golden Jubilee [3797-Views]
essence cosmetics' (National Day) edit [3764-Views]
Hail in the Festivities with India Gate [3690-Views]
Catrice Cosmetics - Create your own look inspired by National Day!!! [3682-Views]
Swiss Arabian Launches New Unisex Fragrance Line to Honor the Region's Heritage in Light o... [3616-Views]
LG Electronics Announces New CEO and Other Changes to Aggressively Tackle 2022 and Beyond [3596-Views]
Rome Region brings the Great Italian Cuisine to Expo Dubai [3592-Views]
The Sky Is the Limit for the World Food Programme's Humanitarian Efforts [3538-Views]
GEMS Education Schools Celebrate the UAE's Golden Jubilee as they look ahead to Centennial... [3493-Views]
Orthocure SportsMed Clinic- Opens its grand doors at The Mall in Jumeirah [3456-Views]
DLD: 5,352 Sales Transactions worth AED 13.12 Billion in October 2021 [3436-Views]
Get a National Day Super Slam at Denny's for Only AED 50 [3419-Views]
UAE's Inspiring Growth Story and Sharjah's Cultural Vision Hailed on Concluding day of Sha... [3218-Views]
House of Wisdom Showcases Immersive Learning Spaces for Creative makers at Sharjah Entrep... [3186-Views]
Young Founders Hail Sharjah's Supportive Ecosystem at Sharjah Entrepreneurship Festival 20... [3091-Views]
‘ICT Fund SEF Hackathon' Takes UAE Youth through an Exciting Entrepreneurial Ideation Jour... [3083-Views]
Emirates Red Crescent and Abu Dhabi University Launch a Humanitarian Funding Campaign' [3038-Views]
In limelight of a new Guinness World Record PACE Education Group [3018-Views]
Lulu Group, Apparel, Centrepoint, ENOC, Splash, Jashanmal, Majid Al Futtaim, Mohammed Alsh... [2743-Views]
Malabar Gold & Diamonds Launches its first Artistry Concept Store in Somajiguda, Hyderabad... [2653-Views]
 
RSS Facebook Twitter LinkedDin DubaiPRNetwork.com on Instagram
 
Top Sections
 
Top Stories