The Korea Times
LG Electronics on Tuesday provided its earnings guidance for the first quarter of this year, predicting 1.67 trillion won ($1.1 billion) in operating profit and 23.73 trillion won in sales. Operating profit and sales rose 32.9 percent and 4.4 percent year-on-year, respectively, with the company posting record-high quarterly revenue. Operating profit also beat market expectations, as its cost-cutting efforts and effective response to United States tariffs paid off. The company suffered an operating loss in the fourth quarter of last year due to setbacks stemming from the tariffs and economic uncertainties, but achieved a swift rebound in profitability just three months later, demonstrating solid fundamentals. LG Electronics did not reveal a breakdown of earnings of its business divisions. However, the company noted that its Home Appliance Solution (HS), Media Entertainment Solution (MS) and Vehicle Solution (VS) divisions all showed stable growth, though its Eco Solution (ES) division, which handles heating ventilation and air conditioning, saw a slowdown. LG Electronics said its HS divis
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