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Wednesday, February 1, 2012

LG Electronics announces quarterly and full-year results

LG Electronics has announced financial results for the fourth quarter of 2011 and for the full year.

In Q4 2011, LG reported consolidated revenues of 13.81 trillion South Korean Won (£7.78 billion) with an operating profit of KRW 23 billion; the first profitable quarter for a year and a half. There was, however, a net loss of KRW 112 billion in the quarter. For the 2011 year, consolidated revenues reached KRW 54.26 trillion and operating profit was up year-on-year to KRW 280 billion.

The LG Mobile Communications Company - the mobile phone part of LG’s business - revealed a quarterly profit and sales of KRW 11.69 trillion for the year, down 9.9% on 2010. It shipped 17.7 million devices in the quarter.

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