REG - LG Electronics Inc. - 2017 4Q Pre-earnings Guidance <Origin Href="QuoteRef">066570.KS</Origin>

LG ElectronicsAnnouncement

08/01/2018 07:05

RNS Number : 1964B
LG Electronics Incorporated
08 January 2018
LG ELECTRONICS INC.
(KRX: 066570)
PRE-EARNINGS GUIDANCE FOR 4Q 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 fourth quarter of 2017 as follows.
In the fourth quarter of 2017, the Group's consolidated sales amounted to KRW 16,969.7 billion (as compared to KRW 15,224.1 billion in 2017.3Q and KRW 14,777.8 billion in 2016.4Q), representing a quarter-on-quarter increase of 11.5% (QoQ 11.5%) and a year-on-year increase of 14.8% (YoY 14.8%). 
The Group's consolidated operating income amounted to KRW 366.8 billion (as compared to KRW 516.1 billion in 2017.3Q and KRW -35.2 billion in 2016.4Q), representing a quarter-on-quarter decrease of 28.9% (QoQ -28.9%).

(Billions of KRW) LGE Consolidated, K-IFRS
2017.4Q
2017.3Q
QoQ(%)
2016.4Q
YoY(%)
Sales 
16,969.7
15,224.1
11.5%
14,777.8
14.8%
Operating Income (Loss) 
366.8
516.1
-28.9%
-35.2
N/A
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 4Q 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
8 January, 2018

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