SEOUL, April 07 (AJP) - LG Electronics on Tuesday estimated stronger-than-expected operating profit and record three-month sales in the quarter ended March thanks to its premium lineup and steady growth in business-to-business segments despite tariff pressure in the U.S. and weak Korean won.
In its preliminary earnings guidance, the company reported an operating profit at 1.67 trillion won ($1.24 billion) for the January–March period, up 32.9 percent from a year earlier and well above the 1.38 trillion won market consensus compiled by FnGuide.
Revenue rose 4.4 percent on year to a quarterly record of 23.73 trillion won.
The performance contrasts with the volatility seen in the broader tech components sector, as LG’s earnings were underpinned by resilient demand in its home appliance division. The unit benefited from expanded subscription-based services and stronger online sales, reinforcing stable cash flow generation.
Its vehicle component solutions (VS) division also sustained growth, supported by a solid order backlog, while ongoing cost structure improvements helped cushion the impact of higher raw material prices and currency pressure from a sharply weakened won.
Shares of LG Electronics were up 0.5 percent at 109,900 won as of 11:40 a.m.
The company is scheduled to release its full earnings report toward the end of this month.
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