LG preliminary earnings for Q2 2019 show increasing sales, decline in operating income
Along with Samsung, 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 or the new management is already improving its performance.
Reader comments
- AnonD-731363
- SH3
Man my country Slovakia have 20% taxes on everything. And as i said i dont have to argue with you, but if Samsung device at Xmas i mean last year flagships S9 and S9+ were sold on Samsung stores for 449 and 549 euros which were half year after inn...
- Anonymous
- HB3
The rest goes to LG? The seller gets nothing? The importer gets nothing? No taxes on phones? 200 euro worth in making a phone. Then sold to an importer at almost 330-350 with taxes. Then the importer sells that to a seller for almost 430 to 450 with...
- AnonD-731363
- SH3
Man even Samsung most expensive flagships dropped by 50% but company like Samsung overpricing their devices so much that even if a 1600 euros phone is sold for 500 samsung will make 100 euros profit. So your statement is completely wrong. Manuf...
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