SEOUL — In a notable recovery, LG Corp. reported a fourth-quarter net profit of 65 billion won ($49 million), marking a significant turnaround from a loss of 163 billion won in the same period a year earlier.
According to Yonhap News Agency, The company's regulatory filing revealed that operating profit for the October-December period increased by 15.7 percent to 119.6 billion won. Additionally, revenue saw a 6.2 percent rise, reaching 2.03 trillion won.
This positive quarterly performance underscores LG Corp.'s resilience and successful strategic adjustments, overcoming previous losses to post profits and revenue growth in a competitive business environment.