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Wednesday, July 28, 2010

Quarterly results for LG Electronics

LGLG Electronics has announced results for the three-month period ending 30th June 2010. It reported sales of KRW 14.4 trillion (around £7.8 billion) and operating profit of KRW 126 billion (around £68.1 million). Net profit was down 33% year-on-year.

The LG Mobile Communications Company shipped 30.6 million units in the quarter, up 13% quarter-on-quarter and 2% year-on-year. Sales were up 5.8% on the previous quarter but were down 29.5% year-on-year.

The company says it expects to see modest growth in the third quarter of 2010 with the continuing global economic recovery.

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Author: The Fonecast
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