Friday, December 09, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Samsung To Make Chips For Tesla Cars
Google Opens its Digital Assistant to Developers
BlackBerry Unveils BlackBerry Secure For IoT Mobile Security
ARM Physical IP for TSMC 7nm Process Technology Now Available
HTC Launches Vive Studios, Debuts "Arcade Saga" Title
Radeon Software Crimson ReLive Edition Brings Support For Chill, Along With New Features
Microsoft Unveils Windows 10 for Qualcomm Chips, "Project Evo" PCs For Mixed Reality And Gaming
Samsung's First Foldable Phone May Actually Not Have A Foldable Screen
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 To Introduce 5G Broadband FDR Communication Technology
LG Puts Hopes In New CEO
LG Enters Medical Display Market, Challenges Siemens, Sony
LG Innotek To Develop 3D Smartphone Camera With Apple
LG Releases Android 7.0 Nougat Upgrade to G5 users
LG Says OLED TVs to Account for 50 Percent of Premium TV Market In The Following Years
LG ULtrafine 5K/4K Displays Offer Performance and Integration With MacBook And New MacBook Pro
Weak Smartphone Sales Keep LG Electronics's Third-quarter Profit Down
LG's Next Flagship G6 Smartphone Won't be Modular
LG launches 38-inch 21:9 Ratio Monitor
LG Electronics 3Q profit Down As Mobile Worries Continue
LG and Samsung Replacing LCD with OLED Amid Competition From Chinese LCD Makers

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .