⌘K
t
LG Electronics Incorporated (LGE) reported its consolidated 2Q 2022 financial results on 29 July 2022. For 2Q 2022, the company recorded Sales of KRW 19,464.0 billion, Operating Income of KRW 792.2 billion, and Net Income of KRW 338.0 billion. The Group officially closed its Solar panel business at the end of June 2022, with related gains and losses presented in discontinued operations and sales and operating income restated in accordance with K-IFRS.
| Date | 29 Jul 2022 |
| Time | 07:21:37 |
| Category | Results |
| ID | 2272U |
2Q 2022 Results Report
|
(Billions of KRW) |
LGE Consolidated, K-IFRS |
||
|
|
2022 2Q |
2022 1Q |
2021 2Q |
|
Sales |
19,464.0 |
20,969.0 |
16,932.3 |
|
Gross Profit |
5,006.3 |
5,950.5 |
4,528.9 |
|
Operating Income |
792.2 |
1,942.9 |
900.1 |
|
Net Income before Tax |
604.1 |
2,066.0 |
1,099.9 |
|
Net Income |
338.0 |
1,401.0 |
-291.9 |
With the official closure of Solar panel business at the end of June 2022, the Group presented related gains and losses in discontinued operations. Sales and Operating Income above were restated in accordance with K-IFRS.
l All information regarding the financial results of LG Electronics during the 2nd 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 2nd quarter of 2022 has been prepared in advance, prior to being reviewed 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.