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LG Electronics Incorporated announced its unaudited consolidated 4Q 2022 financial results on January 27, 2023. For 4Q 2022, the company reported Sales of 21,857.5 billion KRW, Operating Income of 69.3 billion KRW, and a Net Income of -212.4 billion KRW under K-IFRS. These results reflect the official closure of the Solar panel business at the end of June 2022, with related gains and losses presented in discontinued operations.
| Date | 27 Jan 2023 |
| Time | 07:00:02 |
| Category | Results |
| ID | 0858O |
4Q 2022 Results Report
|
LGE Consolidated, K-IFRS |
(Billions of KRW) |
||
|
|
2022 4Q |
2022 3Q |
2021 4Q |
|
Sales |
21,857.5 |
21,176.8 |
20,775.1 |
|
Gross Profit |
4,234.0 |
5,045.4 |
4,767.5 |
|
Operating Income |
69.3 |
746.6 |
745.3 |
|
Net Income before Tax |
-566.3 |
436.0 |
192.0 |
|
Net Income |
-212.4 |
336.5 |
21.3 |
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 4th 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 4th 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.