SEOUL, Oct. 7 (Korea Bizwire) — LG Electronics Inc. said Friday its preliminary third-quarter operating profit jumped around 25 percent from a year earlier. The tech company said its profit for the July-September period was predicted to come in at 746.6 billion won (US$529 million), up 25.1 percent from 540.7 billion won from the year-ago [...]
SEOUL, Oct. 7 (Korea Bizwire) — Samsung Electronics Co. said Friday its preliminary third-quarter operating profit declined by nearly 32 percent from a year earlier, as the company has faced macroeconomic headwinds that weakened consumer demand for electronic devices. The world’s largest memory chip and mobile phone maker said its operating profit for the three [...]
SEOUL, July 7 (Korea Bizwire) — South Korean battery maker LG Energy Solution Ltd. said Thursday it expects its second-quarter operating profit to shrink sharply from a year earlier due to global supply disruptions and China’s COVID-19 lockdowns. The company estimated operating income for the April-June period at 195.6 billion won (US$150.5 million), down 73 [...]
SEOUL, July 7 (Korea Bizwire) — LG Electronics Inc. on Thursday estimated its second-quarter operating profit decreased 12 percent year-over-year on weaker demand for TV and home appliances amid rising inflation and raw material costs. Its earnings guidance for the April-June period showed the tech company’s operating profit declined 12 percent from a year ago [...]
SEOUL, July 7 (Korea Bizwire) — Samsung Electronics Co. said Thursday it is likely to report its best second-quarter earnings in four years on the back of solid chip demand. In its earnings guidance, the South Korean tech giant estimated its operating profit at 14 trillion won (US$11 billion) for the April-June period, up 11.38 [...]
SEOUL, April 7 (Korea Bizwire) — LG Electronics Inc. on Thursday estimated its first-quarter operating profit to rise 6.4 percent from a year ago, driven by its strong home appliance and TV businesses, as well as one-off patent profits. In its earnings guidance, the South Korean tech firm projected its January-March operating profit at 1.88 [...]
SEOUL, April 7 (Korea Bizwire) – Samsung Electronics Co. said Thursday it is likely to report its best first-quarter earnings in four years on the back of solid chip and mobile demand. In its earnings guidance, the South Korean tech giant estimated its operating profit at 14.1 trillion won (US$11.5 billion) for the first three [...]
SEOUL, Jan. 7 (Korea Bizwire) — LG Electronics Inc. estimated Friday its fourth-quarter sales reached a record quarterly high, apparently backed by its strong home appliance business, but the operating profit is likely to sink due largely to increased logistics costs. The company expected to log 21 trillion won (US$17.5 billion) in sales for the [...]
SEOUL, Jan. 7 (Korea Bizwire) — Samsung Electronics Co. said Friday it is likely to post record quarterly sales in the fourth quarter of last year, boosted by its solid semiconductor business. The company expected the sales to hit 76 trillion won (US$63.1 billion) in the September-December period, up 23.5 percent from a year earlier, [...]
SEOUL, Oct. 12 (Korea Bizwire) — LG Electronics Inc. on Tuesday estimated its third-quarter operating profit to drop nearly by half from a year earlier largely due to a recall provision cost. In its earnings guidance, the South Korean tech firm estimated its July-September operating profit at 540.7 billion won (US$451 million), down 49.6 percent [...]