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LG Electronics Incorporated reported its unaudited 1Q 2022 consolidated financial results on April 28, 2022, showing sales of 21,111.4 billion KRW, operating income of 1,880.5 billion KRW, and a net income of 1,401.0 billion KRW. The company also stated that earnings from the LG Mobile Communications Company, which officially closed in Q2 2021, are not reflected in these Q1 2022 results and are treated as discontinued operating losses.
| Date | 28 Apr 2022 |
| Time | 07:23:26 |
| Category | Results |
| ID | 6761J |
1Q 2022 Results Report
|
(Billions of KRW) |
LGE Consolidated, K-IFRS |
||
|
|
2022 1Q |
2021 4Q |
2021 1Q |
|
Sales |
21,111.4 |
21,008.6 |
17,812.4 |
|
Gross Profit |
5,917.0 |
4,734.6 |
4,817.1 |
|
Operating Income |
1,880.5 |
677.7 |
1,767.3 |
|
Net Income before Tax |
1,922.6 |
46.9 |
1,795.2 |
|
Net Income |
1,401.0 |
21.3 |
1,169.1 |
With the official closure of the LG Mobile Communications Company in the 2nd quarter of 2021, the unit's earnings are not reflected in this quarter's earnings report and are treated as
discontinued operating losses.
l All information regarding the financial results of LG Electronics during the 1st quarter of 2022 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 1st quarter of 2022 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.