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LG Electronics Incorporated reported its 4Q 2021 consolidated K-IFRS financial results on 27 January 2022. For 4Q 2021, the company recorded Sales of KRW 21,008.6 billion, Gross Profit of KRW 4,734.6 billion, Operating Income of KRW 677.7 billion, and Net Income of KRW 21.3 billion. The report noted the closure of LG Mobile Communications Company in the 2nd quarter, with its earnings treated as discontinued operating losses and prior period earnings for 3Q 2021 and 4Q 2020 adjusted, with these 4Q 2021 results being unaudited and subject to change.
| Date | 27 Jan 2022 |
| Time | 07:00:06 |
| Category | Results |
| ID | 8257Z |
4Q 2021 Results Report
|
(Billions of KRW) |
LGE Consolidated, K-IFRS |
||
|
|
2021 4Q |
2021 3Q |
2020 4Q |
|
Sales |
21,008.6 |
18,786.7 |
17,399.1 |
|
Gross Profit |
4,734.6 |
4,786.8 |
4,294.8 |
|
Operating Income |
677.7 |
540.7 |
862.7 |
|
Net Income before Tax |
46.9 |
630.9 |
391.6 |
|
Net Income |
21.3 |
516.5 |
262.3 |
With the official closure of the LG Mobile Communications Company in the 2nd quarter, the unit's earnings are not reflected in this quarter's earnings report and are treated as discontinued operating losses. Earnings for the 3rd quarter of 2021 and the 4th quarter of 2020 are also adjusted to reflect this change.
l All information regarding the financial results of LG Electronics during the 4th quarter of 2021 as contained herein has been prepared on a consolidated basis in accordance with International Financial Reporting Standards ("IFRS").
l The information regarding results of the 4th quarter of 2021 has been prepared in advance, prior to being audited by outside auditors, solely for the convenience of investors of the Company, and is subject to change in the process of final review by outside auditors. Please see other notes and disclaimers at our website.