LG has posted its preliminary earnings report for Q4 2020, as well as the the full calendar year. The early numbers look promising - the Korean company posted KRW18.8 trillion ($17.21 billion) revenue and KRW 647 billion ($590 million) of operating profit, the highest ever for the October-December period.
LG Twin Towers HQ in Seoul, South Korea
That's an increase in revenue by 15% while profit jumped by 536%, although admittedly from a much smaller base.
The full year also saw a record-breaking sales performance, with LG surpassing KRW60 trillion for the fourth year in
The full results are expected at the end of the month when we’ll see a detailed list of how each division performed. We’re going to be on the lookout for the mobile business because LG hasn’t been releasing a lot of phones in the past three months and we’re wondering what the numbers have to say about that.
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