LG Electronics achieved its highest-ever quarterly and half-year performance in the second quarter of this year, driven by growth in its core businesses, including home appliances and automotive components.
The company announced on July 7 that it recorded consolidated sales of 23.8 trillion won and an operating profit of 1.58 trillion won for the second quarter. These figures represent increases of 14.9% and 146.9%, respectively, compared to the same period last year, marking the highest sales and operating profit for any second quarter to date.
For the first half of the year, cumulative sales reached 47.56 trillion won, with an operating profit of 3.25 trillion won, also setting new records. Notably, the operating profit for the first half of this year has already surpassed last year's total annual operating profit of 2.48 trillion won.
The second quarter's sales were bolstered by increased sales of premium home appliances and TVs, strong air conditioner sales in overseas markets, and continued growth in the automotive business.
Growth in high-margin businesses such as webOS, appliance subscriptions, and online sales supported the company's profitability. Additionally, improvements in cost competitiveness and proactive management measures minimized the impact of voluntary retirement costs implemented in April.
Last year's tariff refunds on U.S. export volumes were reflected as one-time income.
LG Electronics stated, "Even excluding the tariff refunds, we achieved significant growth in operating profit compared to the previous year."
* This article has been translated by AI.
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