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Late Tuesday, LG Reported Preliminary 3Q23 Results: Consolidated Revenues Of KRW 20.7T And Operating Profit Of KRW 996.7B

Author: Benzinga Newsdesk | October 11, 2023 02:57am

LG reported consolidated revenues of KRW 20.7 trillion and operating profit of KRW 996.7 billion in the third quarter of 2023, both the second highest third-quarter figures in the company's history.

Driven by the major business of home appliances as well as vehicle solutions, LG's future growth engine, the company accelerated the qualitative growth of its business despite the economic slowdown and prolonged decline in demand. Operating profit increased more than 30 percent compared to the same period last year as well as the second quarter of 2023.

Posted In: LGEJY

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