REG - LG Electronics Inc. - 2017 3Q Pre-earnings Guidance <Origin Href="QuoteRef">066570.KS</Origin>

LG ElectronicsAnnouncement

10/10/2017 07:15

RNS Number : 1610T
LG Electronics Incorporated
10 October 2017
LG ELECTRONICS INC.
(KRX: 066570)
PRE-EARNINGS GUIDANCE FOR 3Q 2017
(UNAUDITED OPERATING STATISTICS)
LG Electronics Inc. (the ''Company'') is pleased to announce certain unaudited operating statistics of the Company and its subsidiaries (the ''Group'') for the third quarter of 2017 as follows.
In the third quarter of 2017, the Group's consolidated sales amounted to KRW 15,227.9 billion (as compared to KRW 14,551.4 billion in 2017.2Q and KRW 13,224.2 billion in 2016.3Q), representing a quarter-on-quarter increase of 4.6% (QoQ 4.6%) and a year-on-year increase of 15.2% (YoY 15.2%). 
The Group's consolidated operating income amounted to KRW 516.1 billion (as compared to KRW 664.1 billion in 2017.2Q and KRW 283.2 billion in 2016.3Q), representing a quarter-on-quarter decrease of 22.3% (QoQ -22.3%) and a year-on-year increase of 82.2% (YoY 82.2%).

(Billions of KRW) LGE Consolidated, K-IFRS
2017.3Q
2017.2Q
QoQ(%)
2016.3Q
YoY(%)
Sales 
15,227.9
14,551.4
4.6%
13,224.2
15.2%
Operating Income (Loss) 
516.1
664.1
-22.3%
283.2
82.2%
The above-mentioned sales data is unaudited and is based on preliminary internal information of the Group, which may differ from figures to be disclosed in the audited or unaudited consolidated financial statements to be published by the Company. Further details of the Group's performance will be disclosed when the Company announces its financial results for 3Q 2017. The above data is provided for investors' reference only. When in doubt, investors are advised to seek professional advice from professional or financial advisers.

LG ElectronicsInc.
IR Planning Team
10 October, 2017

This information is provided by RNS
The company news service from the London Stock Exchange
  END
MSCGGGPGUUPMUQU