{"id":26419,"date":"2021-07-12T12:49:12","date_gmt":"2021-07-12T09:49:12","guid":{"rendered":"https:\/\/saudishopper.com.sa\/en\/?p=26419"},"modified":"2026-03-27T22:51:18","modified_gmt":"2026-03-27T19:51:18","slug":"lg-releases-preliminary-earnings-for-second-quarter-2021","status":"publish","type":"post","link":"https:\/\/saudishopper.com.sa\/en\/lg-releases-preliminary-earnings-for-second-quarter-2021\/","title":{"rendered":"LG RELEASES PRELIMINARY EARNINGS FOR SECOND-QUARTER 2021"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>RIYADH, July 12, 2021<\/strong>&nbsp;\u2014 LG Electronics Inc. (LG) today announced its preliminary earnings results for the second quarter of 2021.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">LG reported tentative consolidated revenues of KRW 17.1 trillion, an increase of 48.4 percent from the same quarter the previous year and the highest quarterly revenue in the company\u2019s history. Operating profit of KRW 1.1 trillion is expected to be 65.5 percent higher than the second quarter a year ago.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With the official closure of the LG Mobile Communications Company at the end of the month, the unit\u2019s earnings will not be reflected in this quarter\u2019s earnings report and will be treated as discontinued operating losses. Earnings for the first quarter of 2021 will also be adjusted to reflect this change, to KRW 17.8 trillion in revenues and KRW 1.8 trillion in operating profit.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These figures are the tentative consolidated earnings based on K-IFRS provided as a service to investors prior to LG Electronics\u2019 final earnings results including net profit. Details regarding each division which will be announced officially later this month.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RIYADH, July 12, 2021&nbsp;\u2014 LG Electronics Inc. (LG) today announced its preliminary earnings results for the second quarter of 2021. LG reported tentative consolidated revenues of KRW 17.1 trillion, an increase of 48.4 percent from the same quarter the previous year and the highest quarterly revenue in the company\u2019s history. Operating profit of KRW 1.1 [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":26420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_meta-robots-noindex":"","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_pr_autopilot_social_copy":"","_yoast_wpseo_opengraph_title":"","_yoast_wpseo_opengraph_description":"","_yoast_wpseo_opengraph_image":"","_yoast_wpseo_opengraph_image_id":0,"_yoast_wpseo_twitter_title":"","_yoast_wpseo_twitter_description":"","_yoast_wpseo_twitter_image":"","_yoast_wpseo_twitter_image_id":0,"_yoast_wpseo_primary_category":24,"_extra_hide_author_box":"","_extra_featured_post":"","_partner_post_id":0,"footnotes":""},"categories":[24],"tags":[],"class_list":["post-26419","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>LG preliminary earnings - Q2 2021 update | Saudi Shopper<\/title>\n<meta name=\"description\" content=\"LG preliminary earnings for Q2 2021: revenues hit KRW 17.1T, up 48.4% YoY, with operating profit expected to rise 65.5%. 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