1Q 2023 Results Report
| LGE Consolidated, K-IFRS | (Billions of KRW) | ||
| | 2023 1Q | 2022 4Q | 2022 1Q |
| Sales | 20,415.9 | 21,857.5 | 20,969.0 |
| Gross Profit | 5,169.9 | 4,234.0 | 5,950.5 |
| Operating Income | 1,497.4 | 69.3 | 1,942.9 |
| Net Income before Tax | 933.7 | -566.3 | 2,066.0 |
| Net Income | 546.5 | -212.4 | 1,401.0 |
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 1st quarter of 2023 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 1st quarter of 2023 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.
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