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By zikalify · Posted
LG Electronics sees profit dip but boosts shareholder returns by Paul Hill LG Electronics (LGE) has reported consolidated sales of 20.74 trillion Korean Won (approximately $15.14 billion USD) and an operating profit of 639.4 billion Korean Won (approximately $466.75 million USD) for the second quarter of 2025. The firm saw both its revenue and operating profits decline year-over-year due to external factors such as US tariff policies, ongoing geopolitical issues in the Middle East, and a slowdown in consumer spending. While the company has faced challenges, the company is aiming for what it called qualitative growth by strengthening its subscription services, direct online sales, and business-to-business (B2B) segments. Key areas of growth for LGE include automotive electronics, heating, ventilation, and air conditioning (HVAC) systems, and the webOS platform. The US tariffs are a major headache for companies around the world, given the size of the market there and President Trump's demands for bringing manufacturing to the States. To combat the rising US tariffs, LGE is trying to optimize global production and refine its market-specific approaches for premium and mass-market products. While the company’s profits dipped, it announced an interim dividend of 500 Korean Won (approximately $0.37 USD) per share for both common and preferred, with another payout later in the year that should take the total for 2025 to at least 1,000 Korean Won (approximately $0.73 USD). You must be holding the stock on August 8, 2025, to get the payout on August 22, 2025. The firm also said it will cancel 761,427 common treasury shares on July 31, 2025, making shares more scarce which could increase the value of remaining shares for investors. In terms of LGE’s various business divisions, things were mixed. Its Home Appliance Solution (HS) business achieved year-over-year sales growth, maintaining profitability, thanks to a dual strategy for premium and volume segments and growth in online sales and subscriptions. Its Media Entertainment Solution (MS) business experienced declines in sales and operating profits with the latter turning negative due to market uncertainties and stiff competition. Its Vehicle Solution (VS) business showed growth in sales and operating profit thanks to increased orders from European automotive makers. Finally, its Eco Solution (ES) business saw domestic sales increase, but overseas sales growth was limited due to US tariffs. This led to a slight year-over-year drop in operating profit due to higher costs. Image via Depositphotos.com -
By Case_f · Posted
"Microsoft plans to remove the MSN feed..." Yaaay, finally the horrible dumpster fire of badly translated tabloid trash is going away! Good riddance! "...and replace it with Copilot Discover..." Oh ffs... -
By ZipZapRap · Posted
Similar to how Nvidia stopped caring about the consumer market a while ago and now just pays lip service to it because it prints money. -
By ZipZapRap · Posted
Yep same as every company, sadly. The biggest bank in Australia just laid off a bunch of staff even though they made record profits, then advertised the roles in India -
By ZipZapRap · Posted
I’m with you
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jonbob
I have an asp.net page written in VB that is designed to update information in a database. First the user views a page that holds the information. If they want to change it, they click on an edit button, which takes them to an edit page. Once the information is edited and the user clicks save, the information is written to the database (this works correctly) and then they are sent back to the first page to view the information. The problem is, when they are sent back to the first page, the information still reflects the 'before edit information' until you hit refresh. How can I combat this? I tried response.redirect("informationPage.aspx") but that still doesn't seem to solve the problem. Any help is appreciated. Thanks in advance,
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