LG Q1 2021 earnings: Highest quarterly revenue and first quarter operating profit

LG Electronics today reported Q1 2021 earning results that ended March 31, 2021 for which is reported revenue of 18.81 trillion won (US$ 16.90 billion), up 27.69% YoY and the highest quarterly results in the company’s history with 1.51 trillion won operating profit, up 39% YoY, which is a first-quarter record for the company. This is due to strong LG home appliances and home entertainment product sales as consumers around the world continue to spend more time at home. Continue reading “LG Q1 2021 earnings: Highest quarterly revenue and first quarter operating profit”

Earnings Guidance Q1 2021: Best-ever quarterly revenue and operating profit for LG; 44.2% YoY profit increase for Samsung

Korean giants Samsung and LG have reported earnings guidance for the first quarter of 2021. Both the companies have reported an increase in profits for the quarter. Even though LG had announced the closure of its mobile business from July 31st, the company’s preliminary earnings results for the previous quarter reveals the highest quarterly revenue and operating profit in the company’s history. Continue reading “Earnings Guidance Q1 2021: Best-ever quarterly revenue and operating profit for LG; 44.2% YoY profit increase for Samsung”