LG Electronics has announced its financial results for 2013, along with figures for the final quarter of the year.
Annual revenue reached KRW 58.14 trillion (£32.4 billion) with net profit of KRW 222.70 billion (£124.2 million); an improvement from the previous year. Operating profits were up to KRW 1.28 trillion (£714 million) from KRW 1.22 trillion (£681 million).
Consolidated revenue for the fourth quarter was KRW 14.92 trillion (£8.32 billion) with operating profit of KRW 238.1 billion (£132.8 million) but a net loss of KRW 63.5 billion (£35.4 million). However, this is considerably less than the Q4 loss in 2012.
The company’s mobile phone business - the LG Mobile Communications Company - reported a 29% increase in annual revenue and an 18% increase in fourth-quarter revenue. Smartphone shipments in the final quarter were up 54% year-on-year (and 9% on the previous quarter) to 13.2 million units.
[LG results presentation (pdf)]