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(Photo= Yonhap news) |
[Alpha Biz= Reporter Paul Lee] On the 9th, LG U+ announced that its consolidated operating profit for the first quarter of this year was 2.209 trillion won, a decrease of 15.1% compared to the same period last year. Total revenue increased by 1% to 3.577 trillion won compared to the same period last year.
The decline in operating profit was attributed to the reflection of costs related to the establishment of a new integrated computer network and an increase in marketing expenses due to increased mobile phone sales compared to the same period last year. LG U+ has developed and applied a next-generation integrated computer system that is more adaptable to AI technology and has enhanced security as the AI era unfolds.
Marketing expenses increased by 2.3% to 546.7 billion won compared to 534.3 billion won in the first quarter of last year. First-quarter CAPEX (capital expenditure) amounted to 384.9 billion won, a decrease of 25.9% compared to the same period last year, as the construction of base stations was completed with the allocation of an additional 20MHz frequency.
Alphabiz Reporter Kim SangJin(hoondork1977@alphabiz.co.kr)
