LG Uplus Reports 13.5% Drop in Operating Profit for 2023, Net Profit Plunges 44%
Kim Jisun
stockmk2020@alphabiz.co.kr | 2025-01-21 03:05:40
Photo = Yonhap news
[Alpha Biz= Kim Jisun] LG Uplus announced on Monday that its consolidated operating profit for the previous year was tentatively estimated at 863.1 billion KRW, a 13.5% decrease compared to 2023.
Revenue grew 1.8% during the same period, reaching 14.6252 trillion KRW.
Net profit for the year stood at 352.9 billion KRW, marking a sharp 44% decline from the 630.2 billion KRW recorded the previous year.
Profit from continuing operations before tax, after deducting non-operating expenses, was 488.9 billion KRW, down 36.6%.
The term "impairment loss" refers to the recognition of an accounting loss when the current value (recoverable amount) of an asset falls below its book value.
[ⓒ AlphaBIZ. 무단전재-재배포 금지]
많이 본 기사
- 1Airfare Surges as Fuel Surcharges Triple Amid U.S.-Iran Conflict; Record Monthly Hike Stuns Market
- 2Retailers Brace for BTS Comeback Concert Crowd in Seoul
- 3Shinhan Bank Uncovers $1.5 Million Financial Fraud Stemming from 2021 Lending Dispute
- 4SoftBank’s PayPay Debuts on Nasdaq with 13.5% Surge, Valuation Hits $12.1 Billion
- 5Japanese Automakers Split on EV Strategy as Toyota Expands Lineup and Honda Pulls Back
- 6Musinsa Apologizes After Staff’s Alleged Rude Response to Foreign Customer Sparks Backlash