LG: strong results in 2019

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LG Electronics reached revenues of KRW 62.3 trillion (USD 53 billion) in 2019, reflecting strong demand for premium home appliances such as LG Signature. Full-year operating profits of KRW 2.44 trillion (USD 2.07 billion) were strong again in 2019 although 10 percent lower than 2018 due to increased investments in marketing and future technologies. The LG Home Appliance & Air Solution Company had a positive year, reporting record full-year 2019 revenues of KRW 21.52 trillion (USD 18.29 billion), an 11 percent increase from the previous year, and operating profit of KRW 2 trillion (USD 1.7 billion), its highest in history. Fourth-quarter sales of KRW 4.62 trillion (USD 3.92 billion) were nearly 7 percent above the same period the previous year due to healthy demand in North America and Europe while operating income of KRW 122.2 billion (103.86 million) increased 8.5 percent from the same period 2018.

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