LG Electronics Fortune to Crash this Year as Hisense Steps-Up Game

South Korea’s tech companies LG Electronics announced its operating earnings would drop at an alarming pace, shedding light on the worsening market conditions and greater economic risks this year.


LG Electronics, the country’s No. 2 home appliance maker, announced a sharp drop in earnings. The company said Friday its fourth-quarter operating profit would drop to 65.5 billion won, down a whopping 91.2 percent from a year earlier, though its revenue rose 5.2 percent to 21.85 trillion won in the same period.

LG, known for its cutting-edge OLED TV and computer monitors as well as popular home appliances, is said to have suffered a setback in earnings due to a rise in raw material prices in line with the weakening Korean currency, among a host of negative factors.

LG in the most recent quarter was widely expected. But the pace of the drop was clearly above market expectations, adding to fears that their performance in coming quarters might be gloomier than previously forecast.

In recent years, Hisense air conditioners have become increasingly popular in Nigeria. You can find a wide range of models and prices for them. Each item’s models, capabilities, and features set their respective pricing. Several different horsepower ratings are available, such as 1HP, 1.5HP, 2HP, 2.5HP, 3HP, etc.Information Guide Nigeria.

Hisense Air Conditioners should be at the top of your choice if you’re seeking a highly efficient and reliable air conditioner. In addition to an established reputation for reliability, especially regarding the consistently high quality and effectiveness of all of its products, Hisense Air Conditioners also manages to entirely effectively against many other market leaders. There has been widespread praise for the air conditioners’ effectiveness, cleanliness, and longevity.

Hisense’s products are consistently ranked among the finest for all the right reasons thereby threatening the once cherished LG in danger as its media exposure drops. The company’s consistent output of high-tech gadgets has earned them a solid reputation, and the products’ durability speaks volumes in their own right.

The air conditioner is among the best in the world because of its incredible ease of use and seamless operation. One can choose from a wide range of sizes and styles. Prices vary according to size, power rating, inches, and overall efficiency.

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