Second-quarter financial results from LG Electronics show revenue up 10.1% year-on-year to KRW 15.23 trillion (£8.9 billion), although net profit was down 8% year-on-year to KRW 156 billion (£91 million).
The LG Mobile Communications Company saw revenue rise 34.5% year-on-year to KRW 3.12 trillion (£1.8 billion), with smartphone shipments reaching a new quarterly record of 12.1 million units.
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The Mobile by Sainsbury’s service, which was set up earlier this month as a joint venture with Vodafone UK, has announced its pricing.
As well as offering a basic ‘pay as you go’ mobile phone service with standard calls at 8p per minute and text messages costing 4p each, there are also three 30-day allowances.
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Monthly mobile users up 51% from last year
Facebook has reported results for the second quarter of its financial year. Revenue was up 53% year-on-year to $1.81 billion (£1.18 billion), while the Q2 2012 loss was now a $333 million profit.
88% of total revenue ($1.6 billion) was from advertising, with around 41% of this figure coming from mobile ads.
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Says it's still on course to exceed one million UK 4G customers this year
EE (Everything Everywhere Ltd) has released its second-quarter and half-year results for 2013.
Service revenue during Q2 2013 fell by 4.4% year-on-year, although the company points out that the figure would have remained stable without roaming and mobile termination rate cuts. Turnover for the quarter was down 2.3% year-on-year.
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