LG's Operating Profit of 1.9 Trillion Won Last Year... 21% Decrease Compared to Previous Year

[Asia Economy Reporter Jang Sehee] LG announced on the 9th that its operating profit for last year was tentatively estimated at 1,941.4 billion KRW, a 21% decrease compared to the previous year.

Sales increased by 5% year-on-year to 7,186 billion KRW, while net profit decreased by 21% to 2,115.8 billion KRW.

Operating profit for the fourth quarter was recorded at 103.4 billion KRW. Sales and net loss were 1,916.9 billion KRW and 163 billion KRW, respectively.