LG Electronics recorded its highest-ever revenue in the first quarter of this year, but its stock is continuing to struggle during trading on the 24th.
As of 2:32 p.m. on that day, LG Electronics is trading at 70,200 won, down 1,100 won (1.54%) from the previous trading day.
LG Electronics noted on the 24th that its consolidated revenue for the first quarter of this year reached 22.7398 trillion won, with an operating profit of 1.2591 trillion won.
The company recorded its highest-ever revenue for the first quarter, due to the 'Pull-in' effect in anticipation of tariffs from the Trump administration and significant growth in the business-to-business (B2B) transactions. However, operating profit decreased by 5.7% compared to the same period last year.
Kim Woon-ho, a researcher at IBK Securities, said, “The increase in revenue appears to be due to the demand for inventory securing to avoid tariffs. Currently, the stock price does not fully reflect the peak season, and this year may show a different seasonality from previous years.”