LG Q1 2021 guidance reveals record-breaking profits and revenue

LG Electronics might be moving away from the smartphone market, but everything else seems to be going according to plan, even surpassing expectations. The Korean giant has released its preliminary report for Q1 2021, and the results are rather impressive - both revenue and operating profit increased a lot, compared with the same quarter last year. LG Twin Towers HQ in Seoul, South Korea The consolidated revenues between January and March 2021 were KRW 18.8 trillion, or about $16.8 billion. The profit for the quarter was around KRW1.5 trillion, which equals $1.3 billion. Looking at the...

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