REG - LG Electronics Inc. - Pre-earnings Guidance for 2Q 2016 <Origin Href="QuoteRef">066570.KS</Origin>

LG ElectronicsAnnouncement

08/07/2016 09:40

RNS Number : 6662D
LG Electronics Incorporated
08 July 2016
LG ELECTRONICS INC.
(KRX: 066570)
PRE-EARNINGS GUIDANCE FOR 2Q 2016
(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 second quarter of 2016 as follows.
In the second quarter of 2016, the Group's consolidated sales amounted to KRW 14,001.7 billion (as compared to KRW 13,362.1 billion in 2016.1Q and KRW 13,925.7 billion in 2015.2Q), representing a quarter-on-quarter increase of 4.8% (QoQ +4.8%) and a year-on-year increase of 0.5% (YoY +0.5%). 
The Group's consolidated operating income amounted to KRW 584.6 billion (as compared to KRW 505.2 billion in 2016.1Q and KRW 244.1 billion in 2015.2Q), representing a quarter-on-quarter increase of 15.7% (QoQ +15.7%) and a year-on-year increase of 139.5% (YoY +139.5 %), respectively.

(Billions of KRW) LGE Consolidated, K-IFRS
2016.2Q
2016.1Q
QoQ(%)
2015.2Q
YoY(%)
Sales 
14,001.7
13,362.1
4.8%
13,925.7
0.5%
Operating Income (Loss) 
584.6
505.2
15.7%
244.1
139.5%
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 2Q 2016. 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
8 July, 2016

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