Lg Electronics announced its preliminary earnings results for the second quarter of 2016. During this period, the company’s tentative consolidated revenues is of 14 trillion KRW and operating profit is 584.6 billion KRW. Revenues are expected to be 0.5 percent higher than the same period of the previous year, while operating profit will be 139.5 percent higher year-over-year.
| Lg Electronic preliminary results | ||||
|---|---|---|---|---|
| 2Q-2016 | 1Q-2016 | QoQ | YoY | |
| Sales | 14,001.7 | 13,362.1 | 4.8% | 0.5% |
| Operating profit | 584.6 | 505.2 | 15.7% | 139.5% |
| (Unit: KRW billion) | ||||
| Source: Lg Electronics | ||||
