Good results for LG Home Appliance & Air Solution Company

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The LG Home Appliance & Air Solution Company posted revenues of KRW 4.92 trillion (USD 4.59 billion) and operating profit of KRW 553.1 billion (USD 515.51 million) in the first quarter 2018. Sales of products such as air conditioners and premium washing machines as well as new models of dryers, air purifiers and LG Styler units increased in the domestic Korean market while sales in Europe, Asia and Latin America together grew 9.3 percent from the same period in 2017. Operating profit rose 8.2 percent compared with the 2017 first quarter, thanks to higher sales of premium products and lower costs due to operating efficiencies. Demand is expected to increase in the second quarter as air conditioners and refrigerators enter the peak season in the northern hemisphere.

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