By Yun Sang-ho
Seoul, Korea, January 6, 2017- LG Electronics Inc. (LG) today announced its preliminary earnings results for the fourth quarter of 2016.
Tentative consolidated revenues for the fourth quarter of 2016 is 14.78 trillion KRW and operating loss is 35.3 billion KRW. Revenues are expected to be 11.8 percent higher than the previous quarter.
These figures are the tentative consolidated earnings based on K-IFRS. This tentative earnings is provided as a service to investors prior to LG Electronics’ final earnings results including net profit and details regarding each division which will be announced officially later this month.