LG Electronics posts record Q1, profit rebounds sharply

LG Electronics posted record first-quarter revenue and a sharp rebound in operating profit, beating market expectations on the back of solid performance across its core businesses. The company said Tuesday its consolidated revenue for the January-March period reached 23.73 trillion won ($15.7 billion), up 4.4 percent from a year earlier, its highest-ever first-quarter sales. Operating profit totaled 1.67 trillion won, rising 32.9 percent on-year and well above market expectations. According to m

By The Korea Herald

LG Electronics stock reverses gains despite record Q1 preliminary revenue and 33% profit surge