LG Electronics posts first-quarter net profit of 1.005 trillion won

15 articles · Updated · The Wall Street Journal · Apr 29

The South Korean company reversed a previous quarterly loss, with net profit rising 15% year-on-year and revenue up 4.3% to 23.727 trillion won.
Operating profit reached 1.674 trillion won, supported by appliance subscriptions, premium product sales, and cost reductions, while both TV and home-appliance segments returned to profitability.
LG’s turnaround, despite tariff and Middle East challenges, has boosted shares by 50% this year and prompted a Moody’s credit rating upgrade, as the company expands into AI data-center cooling and heat pumps.

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