SEOUL: LG Electronics Inc. (LG) announced its preliminary earnings results for the first quarter of 2017.
Tentative consolidated revenues for the first of 2017 is 14.7 trillion KRW and operating profit is 921.5 billion KRW. Revenues are expected to be 9.7 percent higher and operating profit 82.4 percent higher than the same period the year prior.
These figures are the tentative consolidated earnings based on K-IFRS. This tentative earnings is provided as a service to investors prior to LG Electronics’ final earnings results including net profit and details regarding each division which will be announced officially later this month.