News Articles

Wednesday, July 25, 2012

LG results show overall profit despite mobile division loss

LG Electronics has reported a 46% year-on-year increase in net profit to KRW 159 billion (£89.2 million), attributing the rise to a combination of more premium products, a strategic focus on developing markets and aggressive cost reductions. Revenue was up from the previous quarter but down 10.6% year-on-year to KRW 12.86 trillion.

The mobile communications division saw an operating loss of KRW 57 billion and a revenue drop of 28.5% to KRW 2.32 trillion, with marketing expenses and falling feature phone sales being blamed.

[Presentation (pdf)]

Print
Author: The Fonecast
0 Comments
Rate this article:
No rating

Categories: Handsets and manufacturers, NewsNumber of views: 1139

Tags: lg

Leave a comment

Name:
Email:
Comment:
Add comment

Name:
Email:
Subject:
Message:
x

Follow thefonecast.com

Twitter @TheFonecast RSS podcast feed
Find us on Facebook Subscribe free via iTunes

Archive Calendar

«February 2019»
MonTueWedThuFriSatSun
28293031123
45678910
11121314151617
18192021222324
25262728123
45678910

Archive

Terms Of Use | Privacy Statement