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Photo = Yonhap news |
[Alpha Biz= Kim Jisun] LG Uplus announced on Monday that its consolidated operating profit for the previous year was tentatively estimated at 863.1 billion KRW, a 13.5% decrease compared to 2023.
Revenue grew 1.8% during the same period, reaching 14.6252 trillion KRW.
Net profit for the year stood at 352.9 billion KRW, marking a sharp 44% decline from the 630.2 billion KRW recorded the previous year.
Profit from continuing operations before tax, after deducting non-operating expenses, was 488.9 billion KRW, down 36.6%.
The term "impairment loss" refers to the recognition of an accounting loss when the current value (recoverable amount) of an asset falls below its book value.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
