[Featured Stock] LG Electronics, 'Record Highest Q1 Earnings', Rises for 2 Consecutive Trading Days

[Image source=Yonhap News]

[Asia Economy Reporter Lee Myunghwan] LG Electronics is showing an upward trend in the early trading session on the 11th. This is interpreted as investors' expectations rising following the company's record-breaking performance in the first quarter of this year.

As of 10:25 AM on the day, LG Electronics is trading at 125,500 KRW, up 2.87% (3,500 KRW) from the previous trading day. This marks a consecutive two-day rise following the increase on the 8th.

On the 8th, LG Electronics also surged 6.55% (7,500 KRW) to close at 122,000 KRW.

This is attributed to LG Electronics' record-breaking performance in the first quarter of this year. On the 7th, LG Electronics announced its preliminary consolidated results for Q1, reporting sales of 21.1091 trillion KRW, an 18.5% increase compared to the same period last year, and operating profit of 1.8801 trillion KRW, up 6.4%. The Q1 sales exceeded the previous record of 21.0086 trillion KRW set in Q4 of last year by more than 100 billion KRW.

It is analyzed that increased sales of premium products, represented by the 'LG Objet' series, including home appliances and TVs, had a significant impact on sales. Additionally, a reduction in non-recurring expenses and temporary patent income contributed to operating profit exceeding expectations.