In its Q2/2021 business results, LG reported a 4.8% increase in revenue compared to the same period last year, reaching $15.26 billion. These figures are particularly remarkable given the company’s exit from the mobile phone manufacturing sector. Profits also saw a significant boost, increasing by 65% to $992.08 million.
Other sectors of LG’s business also displayed impressive growth. The air solution and air quality solution segment witnessed a 32.1% revenue increase to $6.08 billion, while the home entertainment and appliance segment achieved a 79.1% increase in revenue, amounting to $3.6 billion.
Furthermore, operating profit surged by 216.4%, driven by positive performance in the automobile solutions and components segment, which successfully implemented several new technologies. LG’s Solution and Vehicle Components company recorded a 106.5% revenue increase to $1.68 billion, attributed to the recovery of the auto industry and the growing demand for electric vehicle components.
Source: VnExpress
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