world
LG Electronics Q1 Net Profit Rises 14.8% to 1 Trillion Won on Record Sales
LG Electronics Inc. reported a 14.8 percent increase in first-quarter net profit to 1 trillion won, driven by strong home appliance performance. Operating profit jumped 32.9 percent to 1.67 trillion won, with sales up 4.3 percent to 23.72 trillion won, a first-quarter record. The company plans to expand product lines and emerging market presence in the second quarter.
koreatimes.co.krAudio version
Tap play to generate a narrated version.
Developing·Limited corroboration so far. This page will refresh as more sources emerge.
LG Electronics Inc. announced its first-quarter financial results on April 29, 2026, in Seoul, revealing a net profit of 1 trillion won for the January-March 2026 period. 4 million, according to a regulatory filing cited by Yonhap.
The company filed these results with regulators, highlighting robust growth across key divisions. 25 trillion won a year earlier. 72 trillion won, setting a record high for any first quarter.
Yonhap reported that the home appliance solution division led this growth by bolstering its subscription business and focusing on the premium segment. The vehicle solution business improved profitability compared to the January-March 2025 period. Combined sales from the home appliance and vehicle departments surpassed 10 trillion won for the first time in the January-March 2026 period.
LG Electronics stated it will bolster its product lineup and expand its presence in emerging markets to boost sales in the second quarter of 2026. Additionally, the company stated it will diversify supply chains and cut costs to improve profitability in the second quarter of 2026. The headquarters of LG Electronics Inc.
Is located in western Seoul. A file photo from April 7, 2026, shows the headquarters building in that area, as noted in Yonhap's coverage.
