Seoul [South Korea], April 8 (ANI): LG announced its preliminary earnings results for Q1, 2020, with a decline in sales while estimating profit. According to the official release, LG reported tentative consolidated revenues of KRW 14.7 trillion in the first quarter of 2020 with an operating profit of KRW 1.1 trillion. Given the ongoing COVID-19 pandemic, sales are expected to decline. LG estimates it to be 1.2 per cent lower than the same quarter last year with operating income increasing 21.1 per cent year-on-year. LG will announce details on each division officially later this month. (ANI)

(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)