Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizens Daniel Wu in South China and Xiqiao for the delivery of clues about the past! CTOnews.com July 8 news, LG Electronics released a results report yesterday, initially verified that the company's second-quarter sales of 19.9988 trillion won (CTOnews.com Note: currently about 110.793 billion yuan), an increase of 2.7% over the same period last year; operating profit of 892.7 billion won (currently about 4.946 billion yuan), an increase of 12.7%; sales and operating profit reached the highest and second highest in the same period, respectively.

According to the first half results of the first two quarters, ▲ Tu Yuan LG Electronic official website shows that LG Electronics' sales in the first half of the year exceeded 40 trillion won (currently about 221.6 billion yuan) for two consecutive years, and operating profit exceeded 2 trillion won (currently about 11.08 billion yuan) for three consecutive years, ranking second and third highest respectively in the same period in history, but operating profit in the second quarter was slightly lower than market expectations.

In response, LG Electronics said that because the cost of the current quarter includes one-time fees arising from voluntary retirement, the actual operating profit is higher than market expectations. Yonhap analysis believes that LG Electronics in home appliances and display panels and other areas ahead of time to adjust inventory, focus on the sale of high-end products, improve costs and other strategies have been effective, auto parts and other enterprise transactions (B2B) increased, driving performance higher than expected.

CTOnews.com had previously reported that, in contrast to LG, second-quarter operating profit of Samsung Electronics, another South Korean giant, plunged 95.7 per cent to 600 billion won (currently about 3.324 billion yuan), although it was still higher than the 96 per cent decline expected.

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