REG - LG Electronics Inc. - 2nd Quarter Results

LG ElectronicsAnnouncement

29/07/2022 07:30

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RNS Number : 2272U  LG Electronics Incorporated  29 July 2022

2Q 2022 Results Report

 

 

 (Billions of KRW)      LGE Consolidated, K-IFRS
                        2022 2Q    2022 1Q    2021 2Q
 Sales                  19,464.0   20,969.0   16,932.3
 Gross Profit           5,006.3    5,950.5    4,528.9
 Operating Income       792.2      1,942.9    900.1
 Net Income before Tax  604.1      2,066.0    1,099.9
 Net Income             338.0      1,401.0    -291.9

 

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
2nd 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 2nd 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.

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