Wednesday, April 25, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Nokia Launches Edge Cloud Data Center Solution for the 5G Era
Opera Launches New Opera Touch Mobile Browser
Twitter Increases User Base, Ad Revenue
April Xbox Update Brings Gamers Closer to PC Monitors
Updated GMail Brings Security and Intelligent Features
LG Display Posts First-quarter Loss on Low LCD Prices
LG Touts Extreme Brightness of New G7 Smartphone
Samsung Brings 10nm-class 16Gb LPDDR4X DRAM for Automobiles
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 Display Posts First-quarter Loss on Low LCD Prices
LG Touts Extreme Brightness of New G7 Smartphone
LG Display's OLED Smartphone Screens Still Not Ready For Apple
LG SmartThinQ Home Appliances Get Amazon Alexa Connectivity
LG Invests Resources Toward Extending Smartphone Lifespan
LG G7 ThinQ Smartphone Coming in the 2nd of May
LG Makes WebOS Open Source
LG Display Brings Crystal Sound OLED tech to Lighting
LG Electronics Showcases its Latest Premium OLED TVs
MWC: LG's Mobile Strategy to Focus on Audio, Batteries, Cameras and Displays, New G7 Smartphone Could Be Released Later This Year
LG V30S ThinQ Smartphone With Integrated AI Debuts at MWC 2018
LG To Unveil Updated K8 AND K10 Smartphones at MWC

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .