Source - RNS
RNS Number : 1077M
LG Electronics Incorporated
10 October 2016
 

 

 

LG ELECTRONICS INC.

(KRX: 066570)

 

PRE-EARNINGS GUIDANCE FOR 3Q 2016

(UNAUDITED OPERATING STATISTICS)

 

LG Electronics Inc. (the ''Company'') is pleased to announce certain unaudited operating statistics of the Company and its subsidiaries (the ''Group'') for the third quarter of 2016 as follows.

 

In the third quarter of 2016, the Group's consolidated sales amounted to KRW 13,221.0 billion (as compared to KRW 14,002.9 billion in 2016.2Q and KRW 14,028.8 billion in 2015.3Q), representing a quarter-on-quarter decrease of 5.6% (QoQ -5.6%) and a year-on-year decrease of 5.8%
(YoY -5.8%).

 

The Group's consolidated operating income amounted to KRW 283.2 billion (as compared to KRW 584.6 billion in 2016.2Q and KRW 294.0 billion in 2015.3Q), representing a quarter-on-quarter decrease of 51.6% (QoQ -51.6%) and a year-on-year decrease of 3.7% (YoY -3.7 %), respectively.

 

(Billions of KRW)                                         LGE Consolidated, K-IFRS

  

2016.3Q

2016.2Q

QoQ(%)

2015.3Q

YoY(%)

Sales

13,221.0

14,002.9

-5.6%

14,028.8

-5.8%

Operating Income (Loss) 

283.2

584.6

-51.6%

294.0

-3.7%

 

 

The above-mentioned sales data is unaudited and is based on preliminary internal information of the Group, which may differ from figures to be disclosed in the audited or unaudited consolidated financial statements to be published by the Company. Further details of the Group's performance will be disclosed when the Company announces its financial results for 3Q 2016. The above data is provided for investors' reference only. When in doubt, investors are advised to seek professional advice from professional or financial advisers.

 

 

 


LG Electronics Inc.
IR Planning Team
10 October, 2016

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCGGGQWUUPQURU