LG has announced its for Q1 2016, forecasting an operating profit of 505 billion won ($440.7 million), up from 305.2 billion won ($266 million) a year earlier. The 65.5% increase in profits marks LG's best-ever quarter since Q2 2014, and the uptick is largely driven by falling television panel prices.
Year-on-year sales are estimated to be down by 4.5%, with overall revenues at 13.3 trillion won ($11.4 billion). LG will disclose its earnings in full in late April, which is when we'll have more details on how individual business units are performing.
