Last checked at 12 Apr 2016 11:48
LG ELECTRONICS INC.
(KRX: 066570)
PRE-EARNINGS GUIDANCE FOR 1Q 2016
(UNAUDITED OPERATING STATISTICS)
The board of directors (the ''Board'') of LG Electronics Inc. (the ''Company'') is pleased to announce certain unaudited operating statistics of the Company and its subsidiaries (the ''Group'') for the first quarter of 2016 as follows.
In the first quarter of 2016, the Group's consolidated sales amounted to KRW 13,362.1 billion (as compared to KRW 14,560.1 billion in 2015.4Q and KRW 13,994.4 billion in 2015.1Q), representing a quarter-on-quarter decrease of 8.2% (QoQ↓8.2%) and a year-on-year decrease of 4.5% (YoY↓4.5%).
The Group's consolidated operating income amounted to KRW 505.2 billion (as compared to KRW 349.0 billion in 2015.4Q and KRW 305.2 billion in 2015.1Q), representing a quarter-on-quarter increase of 44.8% (QoQ↑44.8%) and a year-on-year increase of 65.5% (YoY↑65.5%), respectively.
(Billions of KRW) LGE Consolidated, K-IFRS
| 2016.1Q | 2015.4Q | QoQ(%) | 2015.1Q | YoY(%) |
Sales | 13,362.1 | 14,560.1 | -8.2% | 13,994.4 | -4.5% |
Operating Income (Loss) | 505.2 | 349.0 | 44.8% | 305.2 | 65.5% |
The above-mentioned sales data is unaudited and is based on preliminary internal information of the Group, which may differ from figures to be disclosed in the audited or unaudited consolidated financial statements to be published by the Company. Further details of the Group's performance will be disclosed when the Company announces its financial results for 1Q 2016. The above data is provided for investors' reference only. When in doubt, investors are advised to seek professional advice from professional or financial advisers.
By order of the BoardLG Electronics Inc.IR Planning TeamSeoul, 12 April, 2016