Samsung, LG Content Record Earnings
08 April, 2021
Samsung and LG have published record first-quarter earnings.
Samsung's first-quarter sales totaled W65 trillion, while LG achieved a good first-quarter operating profit of W1.52 trillion (US$1=W1,118).
The stellar results were related to signs of a global recovery and pent-up demand for kitchen appliances and IT products that was suppressed during the coronavirus pandemic.
Analysts job even higher income for both giants in the second one fourth and beyond. Samsung can be expected to drive a semiconductor super-cycle because of rising global chip prices, while LG begins benefiting from its new focus on automotive batteries and pieces after abandoning the smartphone organization.
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