3Q 2021 Results Report
| (Billions of KRW) | LGE Consolidated, K-IFRS | ||
| | 2021 3Q | 2021 2Q | 2020 3Q |
| Sales | 18,786.7 | 17,113.9 | 15,398.6 |
| Gross Profit | 4,786.8 | 4,534.4 | 4,270.5 |
| Operating Income | 540.7 | 878.1 | 1073.8 |
| Net Income before Tax | 630.9 | 1,070.4 | 928.5 |
| Net Income | 516.5 | -291.9 | 649.2 |
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 2nd quarter of 2021 and the 3rd quarter of 2020 will also be adjusted to reflect this change.
l All information regarding the financial results of LG Electronics during the 3rd quarter of 2021 as contained herein has been prepared on a consolidated basis in accordance with International Financial Reporting Standards ("IFRS").
l LG Electronics recognizes provisions of KRW 480 billion for the recall of the Chevy Bolt EV in the
3rd quarter. The amount of provisions is subject to change.
l The information regarding results of the 3rd 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.
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.