SEOUL - LG Electronics Inc . (KRX: KS:066570) has released its unaudited operating statistics for the fourth quarter of 2024, indicating a marginal year-on-year increase in sales but a significant decline in operating income. According to the preliminary figures, the Group's consolidated sales for the quarter stood at KRW 22,777.5 billion, a slight uptick from KRW 22,733.6 billion reported in the same period of the previous year.
However, the electronics giant faced a steep drop in operating income, which plummeted to KRW 146.1 billion from KRW 312.5 billion year-on-year, marking a 53.3% decline. The quarter-on-quarter figures also reflected a sharp decrease of 80.6% from the KRW 751.9 billion recorded in the third quarter of 2024.
The company has advised that these figures are based on preliminary internal information and may be subject to change upon the release of audited or unaudited consolidated financial statements. LG Electronics plans to provide detailed performance data when it announces its official financial results for the fourth quarter of 2024.
The release of this pre-earnings guidance serves as an early indicator for investors, who are encouraged to seek professional advice if needed. The information is based on a press release statement and has not yet been verified by independent financial statements.
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