RNS Number : 1445I
LG Electronics Incorporated
10 August 2021
 

2Q 2021 Results Report (Update)

 

The following amendment has been made to the 'Half-year Report' announcement released on 29 July under RNS No 8899G.

 

LG Electronics recognizes provisions related to voluntary recall by the customer.
Thus Operating Income, Net income before Tax, and Net Income have been affected.

All other details remain unchanged.

 

The full amended text is shown below.

 

 

(Billions of KRW)

LGE Consolidated, K-IFRS


2021 2Q

2021 1Q

2020 2Q

Sales

17,113.9

17,812.4

11,528.8

Gross Profit

4,534.4

4,817.1

3,169.2

Operating Income

878.1

1,767.3

672.2

Net Income before Tax

1,070.4

1,795.2

357.1

Net Income

-291.9

1,169.1

65.6

 

With the official closure of the LG Mobile Communications Company at the end of the month, the unit's earnings will not be reflected in this quarter's earnings report and will be treated as discontinued operating losses. Earnings for the first quarter of 2021 and the second quarter of 2020 will also be adjusted to reflect this change.

 

 

l All information regarding the financial results of LG Electronics during the 2nd 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 2nd quarter of 2021 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.

 

l LG Electronics recognizes provisions related to voluntary recall by the customer. Investigation is being conducted and the exact cause has not been determined yet at the reporting date that the amount of provisions is subject to change.

                                                                                                              

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
IR VBLBFFVLEBBF