LG Electronics Inc. (LG) announced its third quarter 2024 consolidated revenue of KRW 22.18 trillion and an operating profit of KRW 751.9 billion. This revenue marked the highest for a third quarter while the operating profit ranked as the fourth highest in the company's history.
LG Electronics Inc. announced its third quarter 2024 consolidated revenue of KRW 22.18 trillion and an operating profit of KRW 751.9 billion. This revenue marked the highest for a third quarter while the operating profit ranked as the fourth highest in the company's history.Several external factors impacted the third quarter, including a prolonged delay in market demand recovery and ongoing geopolitical conflicts worldwide.
Despite these obstacles, LG achieved year-over-year revenue growth for four consecutive quarters by upgrading its business portfolio. This included transforming business methods and models and expanding business-to-business operations.These efforts allowed LG to partially offset the unavoidable cost increases, enabling the company to maintain a robust operating profit, signifying the retention of strong fundamental competitiveness.
Releases Q3 2024 Financial Results
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