REG - LG Electronics Inc. - 4th Quarter Results

LG ElectronicsAnnouncement

27/01/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230127:nRSa0858Oa&default-theme=true

RNS Number : 0858O  LG Electronics Incorporated  27 January 2023

4Q 2022 Results Report

 

 

 LGE Consolidated, K-IFRS   (Billions of KRW)
                           2022 4Q   2022 3Q   2021 4Q
 Sales                     21,857.5  21,176.8  20,775.1
 Gross Profit              4,234.0   5,045.4   4,767.5
 Operating Income          69.3      746.6     745.3
 Net Income before Tax     -566.3    436.0     192.0
 Net Income                -212.4    336.5     21.3

 

With the official closure of Solar panel business at the end of June 2022, the
Group presented related gains and losses in discontinued operations. Sales and
Operating Income above were restated in accordance with K-IFRS.

 

l All information regarding the financial results of LG Electronics during the
4th quarter of 2022 as contained herein has been prepared on a consolidated
basis in accordance with International Financial Reporting Standards ("IFRS").

 

l The information regarding results of the 4th quarter of 2022 has been
prepared in advance, prior to being reviewed by outside auditors, solely for
the convenience of investors of the Company, and is subject to change in the
process of final review by outside auditors. Please see other notes and
disclaimers at our website.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  FR PPUBWGUPWUQM