LG Electronics Ltd. (LGEPF.OB, LGEJY.OB, LGEIY.OB, LGEAF.OB), a South Korean consumer electronics major, on Thursday reported higher net profit in its first quarter with increased sales. Operating income, meanwhile, was lower than last year.
In the first quarter, net income climbed to 875.6 billion Korean Won from last year's 585.4 billion Won.
Net income before tax was 1.12 trillion won, up from 989.2 billion won a year ago.
Operating income meanwhile fell to 1.26 trillion won from 1.34 trillion won last year.
Sales were 22.74 trillion won, higher than prior year's 21.10 trillion won.
In South Korea, LG Electronics shares closed Thursday'a trading at 70,300.00 won, down 1.40 percent.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.