LG Uplus Corp. Reports Earnings Results for the Third Quarter and Year to Date of 2019; Provides Operating Revenue Guidance for the Year 2019
November 01, 2019 at 02:00 am EDT
LG Uplus Corp. reported earnings results for the third quarter and year to date of 2019. For the quarter, operating revenue was up 3.4% year-over-year and 1.1% quarter-on-quarter to KRW 2,404.2 billion despite the base effect from the IPTV business. Operating profit was down 31.7% year-on-year but was up 5% quarter-on-quarter, reporting KRW 155.9 billion, driven by higher operating revenue.
On cumulative basis, operating revenue was up 2.3% year-on-year. On cumulative basis, operating profit came in at KRW 499.1 billion.
For the full year 2019, The company expects to reach operating revenue annual guidance of 2%.