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The company saw a decrease in panel shipments in the quarter due to low seasonality and a shrink in industry demand.
April 28, 2022
By: DAVID SAVASTANO
Editor, Ink World Magazine
LG reported unaudited earnings results based on consolidated K-IFRS (International Financial Reporting Standards) for the three-month period ending March 31, 2022. Revenues in the first quarter of 2022 decreased by 6% to KRW 6,471 billion ($5.15 billion) from KRW 6,883 billion in the first quarter of 2021 and decreased by 27% from KRW 8,807 billion ($7 billion) in the fourth quarter of 2021. Operating profit in the first quarter of 2022 recorded KRW 38 billion ($30 million). This compares ...
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