LG Corp. said Thursday that it recorded consolidated revenue of 2 trillion 40.4 billion won and an operating profit of 327.7 billion won for Q3 this year.
Revenue increased by 2.2% compared to the same period last year. Operating profit decreased by 21.8% over the same period. Net income for the period fell by 31.3% to 256.5 billion won.
Cumulative revenue for the first three quarters of this year was 5 trillion 980.7 billion won, up 4.4% from the same period last year. In contrast, cumulative operating profit over the same period decreased by 4.5% to 1 trillion 274.5 billion won. Cumulative net income for the period also declined by 4.6% to 1 trillion 169.3 billion won.
LG Corp. is a pure holding company whose primary sources of revenue include dividend income from subsidiaries such as LG Electronics, LG Chem, and LG Uplus, as well as royalty fees for the use of the LG brand trademark and rental income.
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