Regístrese ahora para una mejor cotización personalizada!

Noticias calientes

LG's home appliance business hits record profit in first quarter despite economic downturn

Abr, 26, 2023 Hi-network.com
LG

LG Electronics's home appliance business unit recorded its highest operating profit to date for the first quarter this year despite the global economic downturn.

The South Korean electronics maker said on Thursday that it recorded 20.41 trillion won in revenue and 1.49 trillion won in operating profit for the first quarter of 2023.

Its home appliance business, which sells refrigerators, washing machines and air conditioners, contributed 1.02 trillion won in operating profit.

It is the business unit's highest operating profit figure to date and comes at a time when demand for consumer electronics has soured due to the global economic downturn.

The South Korean company said it offered environmentally friendly products to Europe and developed markets in response to stricter environmental regulations to achieve the feat.

LG also credited its war room task force, which it formed in response to the global economic downturn, that aimed to change how it operates to the high profit amid uncertainties.

The South Korean company also added that its business-to-business operations were seeing revenue growth.

Its notebook, such as LG Gram, showed high sales to schools during the quarter while demand for its components increased from car makers as they continue to shift towards electric cars, LG Electronics said.

Meanwhile, the company's TV business contributed 0.2 trillion won in operating profit. LG Electronics said demand for TVs was sluggish during the quarter due to geopolitical reasons but it focused on offering content and services through its webOS platform to make the business unit profitable.

Featured

New iPhone 15 Pro overheating reports: Still too hot after iOS 17.0.3 and fresh issues arise after the updateGenerative AI will far surpass what ChatGPT can do. Here's everything on how the tech advancesiPhone 15 Pro review: Prepare to be dazzledThe best USB-C cables for the iPhone 15: What the experts recommend
  • New iPhone 15 Pro overheating reports: Still too hot after iOS 17.0.3 and fresh issues arise after the update
  • Generative AI will far surpass what ChatGPT can do. Here's everything on how the tech advances
  • iPhone 15 Pro review: Prepare to be dazzled
  • The best USB-C cables for the iPhone 15: What the experts recommend

tag-icon Etiquetas calientes: negocio

Copyright © 2014-2024 Hi-Network.com | HAILIAN TECHNOLOGY CO., LIMITED | All Rights Reserved.
Our company's operations and information are independent of the manufacturers' positions, nor a part of any listed trademarks company.