LG Electronics’ preliminary third-quarter operating profit rose 13.5% year-on-year to 781.8 billion won, while revenue increased 8.9%. Strong home appliance and vehicle-component businesses supported growth, although profit fell shortShortDefinition A short is a market position that benefits when the price of an asset or market falls. Taking this type of position is commonly called going short or shorting....Read More of marketMarketDefinition A market is an environment where buyers and sellers come together to exchange assets, goods, services, or financial instruments. Prices form as buyers and selle...Read More expectations.

LG Electronics disclosed preliminary third-quarter operating profit of 781.8 billion won on 7 October, up 13.5% from a year earlier but down 50.5% from the preceding quarter. Revenue increased 8.9% year-on-year to about 23.83 trillion won. The company cited resilient core products and expanding business-to-business operations. It plans to release final results, including net income and detailed divisional performance, later this month. The preliminary figures remain subject to finalisation.