{"id":90021,"date":"2023-10-27T11:22:53","date_gmt":"2023-10-27T08:22:53","guid":{"rendered":"https:\/\/www.capitalfm.co.ke\/business\/?p=90021"},"modified":"2023-10-27T10:54:47","modified_gmt":"2023-10-27T07:54:47","slug":"lg-electronics-operating-profit-grows-33-5-pct-in-q3","status":"publish","type":"post","link":"https:\/\/www.capitalfm.co.ke\/business\/2023\/10\/lg-electronics-operating-profit-grows-33-5-pct-in-q3\/","title":{"rendered":"LG Electronics&#8217; operating profit grows 33.5 pct in Q3"},"content":{"rendered":"<p><strong>SEOUL, Oct. 27 (Xinhua) &#8212; South Korean tech firm LG Electronics recorded a double-digit growth in its third-quarter operating profit due to strong sales of home appliances and automotive parts, the company said Friday.<\/strong><\/p>\n<p>Operating profit jumped 33.5 percent from a year earlier to 996.7 billion won (736.9 million U.S. dollars) in the July-September quarter.<\/p>\n<p>It topped market expectations of about 798 billion won (590 million dollars).<\/p>\n<p>Revenue shrank 2.2 percent to 20.71 trillion won (15.3 billion dollars) compared to the company&#8217;s third-quarter high of 21.18 trillion won (15.7 billion dollars) a year earlier.<\/p>\n<p>Net income surged 44.2 percent over the year to 485.2 billion won (358.7 million dollars) in the third quarter.<\/p>\n<p>The home appliance unit posted an operating profit of 504.5 billion won (372.2 million dollars) on revenue of 7.46 trillion won (5.5 billion dollars) in the third quarter.<\/p>\n<p>The operating profit more than doubled compared to the same quarter of last year.<\/p>\n<p>The vehicle component business generated a record-high operating profit of 134.9 billion won (99.5 million dollars) on revenue of 2.5 trillion won (1.8 billion dollars).<\/p>\n<p>The TV-manufacturing division logged an operating profit of 110.7 billion won (81.7 million dollars) on revenue of 3.57 trillion won (2.6 billion dollars).<\/p>\n<p>The business solutions unit registered an operating loss of 20.5 billion won (15.1 billion dollars) on revenue of 1.33 trillion won (981.2 million dollars).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SEOUL, Oct. 27 (Xinhua) &#8212; South Korean tech firm LG Electronics recorded a double-digit growth in its third-quarter operating profit due to strong sales of home appliances and automotive parts, the company said Friday. Operating profit jumped 33.5 percent from a year earlier to 996.7 billion won (736.9 million U.S. dollars) in the July-September quarter. [&hellip;]<\/p>\n","protected":false},"author":13592,"featured_media":90022,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13,687,3],"tags":[7043,441,5996,7887],"coauthors":[782],"class_list":["post-90021","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","category-top-stories","category-world","tag-grows","tag-lg-electronics","tag-operating-profit","tag-q3"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v25.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>LG Electronics&#039; operating profit grows 33.5 pct in Q3 - Capital Business<\/title>\n<meta name=\"description\" content=\"SEOUL, Oct. 27 (Xinhua) -- South Korean tech firm LG Electronics recorded a double-digit growth in its third-quarter operating profit due to strong sales Kenya breaking news | Kenya news today |\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.capitalfm.co.ke\/business\/2023\/10\/lg-electronics-operating-profit-grows-33-5-pct-in-q3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LG Electronics&#039; operating profit grows 33.5 pct in Q3\" \/>\n<meta property=\"og:description\" content=\"SEOUL, Oct. 27 (Xinhua) -- South Korean tech firm LG Electronics recorded a double-digit growth in its third-quarter operating profit due to strong sales Kenya breaking news | Kenya news today |\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.capitalfm.co.ke\/business\/2023\/10\/lg-electronics-operating-profit-grows-33-5-pct-in-q3\/\" \/>\n<meta property=\"og:site_name\" content=\"Capital Business\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/facebook.com\/capitalfmkenya\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-27T08:22:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.capitalfm.co.ke\/business\/files\/2023\/10\/424545_133409_768_511_jpg-e1698393259571.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"630\" \/>\n\t<meta property=\"og:image:height\" content=\"419\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"XINHUA\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CapitalFM_Kenya\" \/>\n<meta name=\"twitter:site\" content=\"@capitalfmkenya\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"XINHUA\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.capitalfm.co.ke\/business\/2023\/10\/lg-electronics-operating-profit-grows-33-5-pct-in-q3\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.capitalfm.co.ke\/business\/2023\/10\/lg-electronics-operating-profit-grows-33-5-pct-in-q3\/\"},\"author\":{\"name\":\"XINHUA\",\"@id\":\"https:\/\/www.capitalfm.co.ke\/business\/#\/schema\/person\/9cd18d1a1703da423e2b89a7e57fac54\"},\"headline\":\"LG Electronics&#8217; 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