Wednesday, October 07, 2015
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Amazon To Launch Online Television Service: report
Google Introduces The Accelerated Mobile Pages Project To Advance Mobile Optimized Content
Windows Phones To Start Getting Windows 10 in December
HP Unveils Windows 10 Computers In New Form Factors and Designs
Samsung 3Q Operating Profit Surges
Twitter 'Moments'To Highlight Best Tweets
Hololens, New Lumia Smartphones, Band, Surface Pro 4 and Surface Book Shined At Microsoft's Windows 10 Devices Event
Sharp Showcases Ultra HD Blu-ray Recorder, 8K TV at CEATEC 2015
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 Home > News > General Computing > LG Rep...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, April 25, 2012
LG Reports Profit On TVs, Mobiles

LG Electronics said Wednesday that it swung to a net profit in the first quarter of this year, aided by increased sales of TVs and smartphones.

The South Korean company Wednesday reported net profit of 243 billion won ($215 million) for the January-March period. It had a loss of 15.8 billion won a year earlier.

Sales declined 7.08 percent on-year to 12.2 trillion won in the three-month period with the company posting an operating profit of 448.2 billion won, a 242.5 percent surge from 130.8 billion won in the previous year.

LG is regaining competitiveness with the introduction of its Optimus series of smartphones and by allocating more resources to high-end phones. The company expects to strengthen its smartphone line-up even more in the second quarter with the introduction of its L-Style series and quad-core smartphones.

Despite slow TV demand in Europe and other developed countries, LG's TV-making unit posted an operating profit that nearly doubled from a year earlier. The improvement was largely driven by strong sales of its premium 3-D TVs in South Korea such as CINEMA SCREEN 3D Smart TV. LG plans to leverage upcoming big ticket sporting events and the global roll-out of LG?s redesigned 2012 TV models to stimulate higher demand for its Home Entertainment products.

"The planned expansion of three-dimensional smart TVs and an expected rise in demand for large flat-panel displays ahead of the London Olympics should help business figures in the second quarter," LG said.

LG also said sales of air-conditioning and energy solution systems helped the strong first-quarter bottom line. LG Air Conditioning and Energy Solution Company saw operating profit more than double from the same period last year to KRW 81 billion (USD 71.6 million) thanks to new high-end products and cost structure improvements.

Google Algorithm Will Penalize 'Over-optimization'        All News        Apple Reports Record March Quarter Sales of iPhones, iPads and Macs
Google Algorithm Will Penalize 'Over-optimization'     General Computing News      Apple Reports Record March Quarter Sales of iPhones, iPads and Macs

Get RSS feed Easy Print E-Mail this Message

Related News
LG V10 Smartphone Announced With Enhanced Camera Features
LG Debuts Windows 10 'Gram' Series Of Laptops In The U.S.
LG Teases With New Smartphone Video
LG Display To Produce Foldable Displays For Smartphones: report
LG Electronics to Release New G Pad II Tablet, New Smartphones
LG To Showcase Rollable TV In 2016
LG Bets On OLED's Success, Showcases Innovative Prototypes At IFA2015
LG To Offer Amazon Titles In HDR On webOS Smart TV Platform
LG To Upgrade WebOS Smart TVs, Demos HDR Content
New LG Luxurious Urbane Smartwatch To Appear at IFA
LG Develops Full-Size Keyboard For Pockets
LG Releases New OLED TVs In The U.S.

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .