LG reports impressive Q1 results as mobile division heads for the exit

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LG announced its mobile division will be closed this year since it cannot turn profitable in the current market. However, the company’s report confirms all other branches have posted a yearly increase in sales, bringing the total revenue to KRW18.8 trillion – the most LG has ever recorded between January and March.

Mobile Divison Performance
Q1 2021
Q4 2020
QoQ Change
Q1 2020
YoY Change

Sales in KRW / USD
998.7B / 901M
1,385B / 1.24B
-27.9%
998.6B / 901M
0%

Profit in KRW / USD
-280B / -252M

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