Last checked at 9 Jan 2017 07:00
LG ELECTRONICS INC.
(KRX: 066570)
PRE-EARNINGS GUIDANCE FOR 4Q 2016
(UNAUDITED OPERATING STATISTICS)
LG Electronics Inc. (the ''Company'') is pleased to announce certain unaudited operating statistics of the Company and its subsidiaries (the ''Group'') for the four quarter of 2016 as follows.
In the fourth quarter of 2016, the Group's consolidated sales amounted to KRW 14,781.9 billion (as compared to KRW 13,224.2 billion in 2016.3Q and KRW 14,560.1 billion in 2015.4Q), representing a quarter-on-quarter increase of 11.8% (QoQ 11.8%) and a year-on-year increase of 1.5% (YoY 1.5%).
The Group's consolidated operating income amounted to KRW -35.3 billion (as compared to KRW 283.2 billion in 2016.3Q and KRW 349.0 billion in 2015.4Q), representing a quarter-on-quarter decrease of 106.0% (QoQ -106.0%) and a year-on-year decrease of 110.1% (YoY -110.1 %), respectively.
(Billions of KRW) LGE Consolidated, K-IFRS
| 2016.4Q | 2016.3Q | QoQ(%) | 2015.4Q | YoY(%) |
Sales | 14,781.9 | 13,224.9 | 11.8% | 14,560.1 | 1.5% |
Operating Income (Loss) | -35.3 | 584.6 | -106.0% | 349.0 | -110.1% |
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 4Q 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.
LG Electronics Inc.IR Planning Team6 January, 2017