LG Reports 90% Surge in Q2 Operating Profit to 533 Billion Won

㈜LG reported a significant recovery in its second-quarter performance, with operating profit soaring over 90% compared to the same period last year. The company also achieved double-digit growth in sales, indicating both revenue expansion and improved profitability.
 
In a disclosure on August 13, ㈜LG announced consolidated sales of 2.14 trillion won and an operating profit of 533 billion won for the second quarter. This marks a 19% increase in sales and a 92.5% rise in operating profit compared to the same quarter last year.
 
Thanks to strong profitability, the operating profit margin for the second quarter was approximately 24.9%. This is nearly double the operating profit of 276.9 billion won recorded in the same quarter last year.
 
The growth in net profit was even more pronounced. The pre-tax income from continuing operations for the second quarter reached 568.7 billion won, a 110.5% increase year-over-year. The net profit for the period surged by 118.6% to 533.8 billion won, while the net profit attributable to shareholders of the parent company jumped 127.6% to 465.7 billion won.
 
For the first half of the year, ㈜LG reported cumulative sales of 3.94 trillion won and an operating profit of 946.8 billion won, reflecting increases of 5.5% and 3.5%, respectively, compared to the same period last year.
 
During the same timeframe, cumulative net profit rose by 7.1% to 912.8 billion won, while net profit attributable to shareholders of the parent company increased by 2.6% to 805.5 billion won.