Strong Demand for Premium LG Home Appliances and Auto Parts
Drives Highest Quarterly Revenue in Company History
October 28, 2022 – LG Electronics Inc. (LG) announced third-quarter 2022 consolidated revenues of KRW 21.2 trillion, an increase of 14.1 percent from the same quarter last year and the highest quarterly revenue in the history of LG Electronics. Operating profit for the third quarter was KRW 746.6 billion, 25.1 percent higher than the same quarter last year.
For the third quarter, the company recorded growth of revenues driven by increased sales of premium home appliances including new appliance categories and automotive