Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Deutsche Boerse AG  >  LG Electronics Inc.    LGLG

Delayed Quote. Delayed  - 07/29 01:26:06 pm
11.045 EUR   +0.25%
07/29 LG ELECTRONICS : posts big jump in Q2 profit on strong sales of home..
07/28 LG ELECTRONICS : Kwangwoon aims to lead software field
07/28 LG ELECTRONICS : announces X screen and X Cam
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

LG ELEC GDR'REGS'/ : LG ANNOUNCES FIRST-QUARTER 2012 FINANCIAL RESULTS 2012-04-25

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/25/2012 | 07:55am CEST

In the Black, Company Reports Significant Improvement by
Focusing on Higher Margins and Efficient Operation

SEOUL, Apr. 25, 2012 -- LG Electronics Inc. (LG) today announced that after two consecutive quarters of net losses, the company has turned the corner with a net profit of KRW 243 billion (USD 214.9 million), a direct result of the company's efforts to innovate in all key business units and focus on high performing products.

Unaudited consolidated financial results, based on IFRS (International Financial Reporting Standards) for the quarter ending March 31, 2012, showed consolidated revenues of KRW 12.2 trillion (USD 10.8 billion) with an operating profit of KRW 448 billion (USD 396.1 million). This compares favorably to the consolidated operating profit of KRW 280 billion for all of 2011.

LG Home Entertainment Company posted significantly improved operating profit in the quarter, compared with the same period a year ago. Sales, while strong at KRW 5.3 trillion (USD 4.7 billion), declined by 6.8 percent compared with the first-quarter of 2011, largely due to the a sluggish European economy. Due in large part to the popularity of new products such as CINEMA SCREEN 3D Smart TV in the Korean market and improvements in supply chain management, operating profit nearly doubled to 217 billion (USD 191.9 million) from the same period the previous year. LG will leverage upcoming big ticket sporting events and the global roll-out of LG's redesigned 2012 TV models to stimulate higher demand for its Home Entertainment products.

LG Mobile Communications Company saw operating profit more than triple quarter-over-quarter from KRW 12 billion to KRW 39 billion (USD 34.5 million) as a result of a better product mix and an increase in the proportion of smartphone sales. Overall revenues declined 14 percent year-over-year from KRW 2.9 trillion to KRW 2.5 trillion (USD 2.2 billion) as a result of declining feature phone sales but smartphone revenue increased due to the popularity of Optimus LTE and Optimus Vu: in the home market. The company expects to strengthen its smartphone line-up even more in the second quarter with the introduction of its L-Style series and quad-core smartphones.

LG Home Appliance Company's first-quarter 2012 operating profit increased 48 percent from the same period last year to KRW 152 billion (USD 134.4 million) thanks to higher average sales price, better product mix and cost efficiency. A 2.7 percent decrease in revenues year-over-year, to KRW 2.5 trillion (USD 2.2 billion), primarily reflected a slowdown in China and developed markets. Despite continued sluggishness in major markets and a rise in the cost of raw materials, the company will continue to efficiently allocate resources and develop differentiated products such as the Blast Chiller refrigerator.

LG Air Conditioning and Energy Solution Company saw operating profit more than double from the same period last year to KRW 81 billion (USD 71.6 million) thanks to new high-end products and cost structure improvements. First-quarter revenues were essentially flat, declining 1.2 percent year-over-year to KRW 1.2 trillion (USD 1.1 billion). LG is optimistic that government policies to promote the usage of energy-efficient products in homes and businesses will create new growth opportunities for the company, along with highly efficient commercial air conditioners.

2012 1Q Exchange Rates Explained
LG Electronics unaudited earnings results are based on IFRS and amounts in Korean Won (KRW) are translated into US Dollars (USD) at the average rate of the three month period in each corresponding quarter: KRW 1,131 per USD (2012 1Q) and KRW 1,121 per USD (2011 1Q).

Earnings Conference and Conference Call
LG Electronics will hold a Korean language earnings news conference on April 25, 2012 at 16:00 Korea Standard Time at the LG Twin Tower Auditorium (B1 East Tower, 20 Yeoui-daero, Yeongdeungpo-gu, Seoul, Korea). An English language conference call will follow on April 26, 2012 at 10:00 Korea Standard Time (01:00 GMT/UTC). Participants are instructed to call +82 31 810 3069 and enter the passcode 9084#. The corresponding presentation file will be available for download at the LG Electronics website ( www.lg.com/global/ir/reports/earning-release.jsp   ) at 13:30 on April 25, 2012. Please visit http://pin.teletogether.com/eng/ and pre-register with the passcode provided. For those unable to participate, an audio recording of the news conference will be available for a period of 30 days after the conclusion of the call. To access the recording, dial +82 31 931 3100 and enter the passcode 142650# when prompted.


# # #

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on LG ELECTRONICS INC.
07/29 LG ELECTRONICS : impresses again at Intersolar Europe with Neon TM 2 Bifacial
07/29 LG ELECTRONICS : posts big jump in Q2 profit on strong sales of home appliances
07/28 LG ELECTRONICS : Researchers Submit Patent Application, "Mobile Terminal and Met..
07/28 LG ELECTRONICS : Patent Issued for Photovoltaic Module (USPTO 9397609)
07/28 LG ELECTRONICS : Kwangwoon aims to lead software field
07/28 LG ELECTRONICS : Patent Issued for Multivision Device and Lens Bar Attached to t..
07/28 LG ELECTRONICS : Patent Application Titled "Method and Apparatus for Limiting Tr..
07/28 LG ELECTRONICS : Patent Issued for Mobile Terminal and Method of Moving an Icon ..
07/28 LG ELECTRONICS : Researchers Submit Patent Application, "Method and Apparatus fo..
07/28 LG ELECTRONICS : Researchers Submit Patent Application, "Mobile Terminal", for A..
More news
Sector news : Household Electronics - NEC
07/29DJSony Reports Surprise Profit
07/28 SONY : says to sell battery business to Murata Manufacturing
07/27DJJapan Shares Rise on Stimulus Talk
07/26DJSONY : Stronger Yen Dents Profit of Japan Inc. -- WSJ
07/25DJTesla Accelerates Work on Battery 'Gigafactory'
More sector news : Household Electronics - NEC
Advertisement
Financials ( KRW)
Sales 2016 56 272 B
EBIT 2016 1 885 B
Net income 2016 851 B
Debt 2016 5 750 B
Yield 2016 0,80%
P/E ratio 2016 11,34
P/E ratio 2017 9,06
EV / Sales 2016 0,27x
EV / Sales 2017 0,25x
Capitalization 9 226 914 M
More Financials
Chart LG ELECTRONICS INC.
Duration : Period :
LG Electronics Inc. Technical Analysis Chart | LGLG | US50186Q2021 | 4-Traders
Full-screen chart
Income Statement Evolution
More Financials
Consensus 
Mean consensus OUTPERFORM
Number of Analysts 38
Average target price 66 465  KRW
Spread / Average Target 24%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
David Jung President, Co-CEO, CFO & Director
Bon-Joon Koo Vice Chairman & Co-Chief Executive Officer
Jong-Sik Kim COO & President-Executive Board
Skott Ahn President-Executive Board & CTO
Chong-Nam Chu Outside Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
LG ELECTRONICS INC.1.40%8 459
SONY CORP10.95%38 896
PANASONIC CORPORATION-17.54%23 296
LG CORP--.--%9 956
LG ELECTRONICS INC.--.--%8 459
TCL CORPORATION--.--%6 392
More Results