LG Q1 boosted by premium TV demand
April 27, 2017
LG Electronics has announced first-quarter 2017 revenue of KRW 14.66 trillion (€11.65bn), an increase of 9.7 per cent from the same period last year. LG nearly doubled its operating income to KRW 921.5 billion.
LG Home Entertainment Company recorded its highest first-quarter operating margin of 8.8 per cent on sales of KRW 4.33 trillion, largely due to expanding sales of premium products, improved cost structure and a more flexible strategy to deal with the increase in panel prices.
The company expects TV demand in the next quarter to remain positive due to opportunities in North America, Latin America and Asia, led by the growing popularity of premium LG OLED and Ultra HD TV products and the rollout of the new LG Signature OLED TV W.