Alphabiz - LG saw its operating profit drop 18 percent on-year to 1.589 trillion won last year

[Alpha Biz=(Chicago) Reporter Kim Jisun] LG Holding Company announced last year that its consolidated operating profit fell 18.2% year-on-year to 1.589 trillion won.

Sales rose 3.6% from the previous year to 7.4453 trillion won. Net profit for the same period fell 33.2 percent on-year to 1.4143 trillion won.

LG explained, "The earnings decreased due to changes in equity method profit and loss due to a decrease in subsidiary profits and the base effect of reflecting operating profit and loss of D&O in 2022."

Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)