Along with Samsung[1], LG has today revealed its preliminary earnings reports. The company expects consolidated revenues for Q2 2019 to be KRW15.6 trillion ($13.3 billion), while the operating profit is KRW652.2 billion ($557 million).
LG expects sales to be 4.1% better than the same quarter last year, but the operating income is going to be 15.4% down on a yearly basis. The Korean company usually does not release any reasons before the full analysis is published, which should happen at the end of this month.
When the Q2 2019 report is out we’ll know whether the mobile division is still bleeding money[2] or the new management[3] is already improving its performance.
References
- ^ Along with Samsung (www.gsmarena.com)
- ^ still bleeding money (www.gsmarena.com)
- ^ the new management (www.gsmarena.com)
- ^ Source (www.lgnewsroom.com)
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