Thursday, May 25, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
NVIDIA Introduces New GeForce GTX Battlebox
TSMC is Already Testing 7nm Chips, Coming Next Year
Microsoft's Beam Streaming Service Becomes "Mixer"
Lenovo Returns to Profitability
RICOH WG-50 Waterproof Digital Compact Camera Released
Acer Announces New Nitro 5 Notebook Line, Entertainment-Oriented Tablet and the Spin 1 Convertible
Google's Alpha Go Beats Chinese Master Again
Kingston KC1000 NVMe PCIe SSD Meets Demanding Data Needs of SSD Enthusiasts
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > LG Elec...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, October 19, 2004
LG Electronics Posts Record Sales In Third Quarter


LG Electronics reported a 36 percent rise in third quarter net profit, as revenue jumped to a record high.

LG Electronics announced Monday that it΅―s third quarter operating profit soared 92 percent year-on-year to W355.4 billion, boosted by strong overseas demand for it΅―s mobile handsets and high-end electronic goods. Third quarter net profit also rose 38.3 percent year-on-year to W304.4 billion, while sales increased 24 percent to an all-time high of W6.11 trillion. Compared with the previous quarter, however, operating profit slipped 9.5 percent, while net profit slipped 38.3 percent.

The company attributed it΅―s robust quarterly numbers to aggressive marketing of premium goods like mobile handsets, digital TVs and air-conditioners, as well as to strong export performance. In the face of sluggish domestic sales, exports rose 27.9 percent year-on-year to W4.877 trillion in the third quarter.

By sector, information and communication posted sales of W2.46 trillion. LG sold a total of 11.8 million handsets worth W2.285 trillion in the third quarter, up 55 percent. Digital display and media sales rose 3 percent to W2.18 trillion, while appliance sales rose 18 percent to W1.41 trillion.

LG expects to ring up W24 trillion in sales in the fourth quarter, on the back of strong overseas demand for digital TVs and washing machines.


Previous
Next
Epson intros multi-format film scanner        All News        AMD pushes PC with Athlon 64 FX
Freecom presents new USB memory products     General Computing News      Advanced Media Introduces Mini EZ Drive Portable Storage Device

Get RSS feed Easy Print E-Mail this Message

Related News
LG Electronics to Finally Launch LG Pay in June
LG Display to Showcase Latest Displays at SID 2017
LG X Venture Smartphone Will is Built for Adventure
LG X Power2 Smartphone Launches Globally
LG Electronics Gains Some Market Share In the US Smartphone Market
LG Said To Prepare Mini-version of Flagship G6 Smartphone
LG Electronics Sees 10 Percent Jump in Sales and Highest Operating Income Since 2009
LG Display Posts Record Earnings on OLED TV Sales
LG X Power 2 Smartphone Packs A Huge Battery
Google Could Invest 1 tln won into LG Display's OLED Panel: report
LG Electronics Expects Profit Boost From On Healthy Sales Of Appliances and TVs
LG G6 Now Available Worldwide

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .