On July 7, LG Electronics announced in a regulatory filing that its consolidated operating profit for the second quarter of this year was provisionally tallied at 639.1 billion won, down 46.6% from the same period last year.
The operating profit fell short of the market consensus of 753.3 billion won by 15.2%. Revenue came in at 20.74 trillion won, representing a 4.4% decrease compared to the same period last year.
Regarding the background of these results, LG Electronics explained that the recovery of consumer sentiment in major markets has been delayed. The company also cited that changes in U.S. trade policy, which became more pronounced in the second quarter, led to increased tariff costs and intensified market competition. As a result, the company faced a persistently unfavorable business environment.
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