LG Electronics released their preliminary earnings for the second quarter of 2020: tentative consolidated revenue of USD $10.6bn, with an operating profit of $410bn.
LG say 2Q20 sales are expected to underperform 2Q19’s figures by 18%, with operating income decreased by 24%.
In 1Q20, LG broke their first-quarter operating margin record, reaching 7.4% with a profit of $905m largely on strength of their home appliance and home entertainment divisions.