LG preliminary earnigs report reveals highest ever holiday quarter profit

LG has posted its preliminary earnings report for Q4 2020, as well as the the full calendar year. The early numbers look promising – the Korean company posted KRW18.8 trillion ($17.21 billion) revenue and KRW 647 billion ($590 million) of operating profit, the highest ever for the October-December period.

LG Twin Towers HQ in Seoul, South Korea

That’s an increase in revenue by 15% while profit jumped by 536%, although admittedly from a much smaller base.

The full year also saw a record-breaking sales performance, with LG surpassing KRW60 trillion for the fourth year in a row -…

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