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LG Electronics expects best-ever quarterly earnings in Q1

Posted : 2021-04-07 13:54
LG Electronics office building in Yeouido, Seoul s Youngdeungpo District / Yonhap
LG Electronics Inc. on Wednesday expected its best-ever quarterly performance in the first quarter as its home appliance and TV sales apparently basked in pent-up demand amid the pandemic.
In its earnings guidance, the South Korean tech firm projected its operating profit at 1.51 trillion won (US$1.3 billion) for the first three months of 2021, up 39.2 percent from a year earlier.
Its first-quarter operating income estimate beat the market consensus of 1.27 trillion won in the survey on seven brokerage houses by Yonhap Infomax, the financial arm of Yonhap News Agency. ....

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LG's value to improve with mobile biz restructuring: analysts

Posted : 2021-01-23 10:37
Updated : 2021-01-23 20:20
A man talking on his phone walks past the logo of LG Electronics during Korea Electronics Show 2016 in Seoul, Oct. 27, 2016. Reuters
LG Electronics can improve its corporate value by restructuring its money-losing mobile business and focusing on future growth engines for a post-pandemic world, analysts here said Saturday.
The company announced Wednesday that the future of its mobile communications unit was open to every possibility amid rumors that the company could sell the struggling mobile business.
We think LG s announcement means they are going to either shut down or sell, or at least scale back on its mobile business, Cho Chul-hee, an analyst at Korea Investment Securities, said. ....

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