In the first quarter of the current fiscal year, LG made an operating profit of 1.5 trillion won or 1.12 billion dollars. This is the South Korean company’s second-highest profit in any first quarter. News The Korea Herald.
In a document sent to policymakers, LG said its revenue in the January-March quarter was 20.42 trillion won. In the last quarter, LG’s net income was 54 thousand 650 crore won.
Through this, for the first time, LG surpassed Samsung in the profit of a quarter. Samsung’s net income fell to 60,000 crore won in the January-March quarter, the company’s lowest in 14 years.