2022-11-02

LG Announces Third-Quarter 2022 Financial Results

Strong Demand for Premium LG Home Appliances and Auto Parts Drives Highest Quarterly Revenue in Company History SEOUL, Oct. 28, 2022 — LG Electronics Inc. (LG) announced third-quarter 2022 consolidated revenues of KRW 21.2 trillion, an increase of 14.1 percent from the same quarter last year and the highest quarterly revenue in the history of LG Electronics. Operating profit for the third quarter was KRW 746.6 billion, 25.1 percent higher than the same quarter last year. For the third quarter, the company recorded growth of revenues driven ...
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According to The Elec, Samsung has announced plans to launch a 115-inch RGB Micro LED TV later this year. The new model will be part of the company’s Neo QLED TV lineup but positioned as an ultra-high-end version. In contrast, current Ne... READ MORE