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[Alpha Biz=(Chicago) Reporter Kim Jisun] LG Electronics, which succeeded in rebounding in the first quarter despite the sluggish global home appliance industry, will strengthen its premium expansion strategy mainly in Europe and North America.
As orders for TVs and home appliances, which had been suffering from sluggish demand, show signs of picking up, LG Electronics CEO Cho Joo-wan is focusing on global on-site management, which checks major countries and emerging markets this year.
According to the electronics industry and securities firms on the 9th, LG Electronics, which achieved an "earning surprise" in the first quarter, is expected to perform well in the second quarter as well. According to FnGuide estimates, LG Electronics is expected to record sales of 19.6794 trillion won and operating profit of 880.9 billion won in the second quarter, increasing sales by 1% and operating profit by 11% compared to the same period last year.
Furthermore, some predict that LG Electronics will record record-high earnings this year in the second and fourth quarters.
LG Electronics' tentative performance in the first and fourth quarters of this year, which was announced on the 7th, was 20.4178 trillion won in consolidated sales and 1.4974 trillion won in operating profit, down 2.6% and 22.9%, respectively, from a year earlier.
However, considering that temporary patent income was included in the operating profit in the first quarter of last year, it is interpreted that the profitability of the business has been greatly strengthened this year. This performance is the second highest in sales and the third highest in operating profit in the first and fourth quarters.
AlphaBIZ 김지선(stockmk2020@alphabiz.co.kr)
