LG Electronics Expected to Record First Quarterly Loss in Nine Years
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By:格隆汇
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Glonghui, January 9|South Korean consumer electronics giant LG Electronics is expected to record its first quarterly operating loss in nine years due to sluggish demand for home appliances, TVs, and other electronics amid intensified competition and multiple operational challenges. The company is also dealing with rising tariffs and increased restructuring costs. In its preliminary earnings report released on Friday, the company stated that operating losses for the period from October to December are estimated at 109.4 billion Korean won, approximately $75.3 million, compared to a profit of 135.4 billion Korean won in the same period last year. This will mark LG Electronics' first quarterly loss since the fourth quarter of 2016. The company's full-year operating profit for 2025 is expected to decline by 28% to 2.478 trillion Korean won. LG Electronics' stock price has fallen about 4% so far this year. The company plans to announce its full quarterly results later this month.
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