LG’s Q2 2021 earnings guidance point to record revenue

LG’s Q2 2021 earnings guidance point to record revenue

LG published its Q2 guidance and it looks great. The company posted its highest ever revenue and unsurprinsgly bested the lockdown-interrupted second quarter of 2020 by around 48.4%.

Operating profit for the period stood at KRW 1.1 trillion (~$967 million), a 65.5% increase year-over-year while the revenue is estimated at KRW 17.1 trillion (~$15 billion). It’s important to note that since LG has shut down its mobile business, it will be excluded from the Q2 reports and will be treated as an operating loss.

The actual earnings report will be posted by the end of this month, giving…

Published by Tech News For Today

Tech News For Today , Today in Tech News

Leave a comment

Design a site like this with WordPress.com
Get started