LG reports impressive Q1 results as mobile division heads for the exit

LG reports impressive Q1 results as mobile division heads for the exit

LG announced its mobile division will be closed this year since it cannot turn profitable in the current market. However, the company’s report confirms all other branches have posted a yearly increase in sales, bringing the total revenue to KRW18.8 trillion – the most LG has ever recorded between January and March.

Mobile Divison Performance
Q1 2021
Q4 2020
QoQ Change
Q1 2020
YoY Change

Sales in KRW / USD
998.7B / 901M
1,385B / 1.24B
-27.9%
998.6B / 901M
0%

Profit in KRW / USD
-280B / -252M
…