LG Electronics Q2 operating profit increased 61.2% to 1.2 trillion won due to strong air conditioner sales.

South Korean tech giant LG Electronics reported a 61.2% increase in its Q2 operating profit to 1.2 trillion won (869.8 million USD), mainly due to strong sales of air conditioners driven by seasonal demand. Preliminary revenue expanded 8.5% to 21.7 trillion won (15.7 billion USD), setting new records for the second quarter. Both revenue and operating profit exceeded market expectations.

July 05, 2024
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