Sunday, May 29, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Plextor To Showcase Its Gaming Grade SSDs at Computex 2016
Nvidia's GeForce GTX 1080 Launches Wordlwide
Corsair Bulldog PC Is Seeking A Place In Your Living Room
Samsung Galaxy C5 and C7 Released In China
SSD Adoption in Notebooks To Increase This Year As TLC NAND Market Matures
Samsung To Launch SamsungPay Mini Online Payments App
Facebook Publishers To Show Ads To Everyone
Samsung and Warner Bros. Release The Samsung Galaxy S7 edge Injustice Edition
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 > Strong ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, April 29, 2014
Strong TV Sales Push LG Electronics Q1 Results


LG Electronics reported its strongest quarterly profit in nearly two years, after strong sales of its high-end television sets boosted the South Korean manufacturer's bottom line.

The world's second-largest TV maker on Tuesday said sales of large-screen TVs combined with lower material costs to yield high returns in the first quarter, and that it expects TV revenue to increase in the second quarter.

For January-March, LG reported a 44 percent on-year rise in operating profit to 504 billion won ($486.89 million).

LG's TV division logged profit of 240 billion won, compared with a 11 billion won a year earlier, as a decline in panel prices and reduced marketing needs during a seasonally weak period kept costs down.

"Revenues (for the television business) are expected to increase in the second quarter with new model launches," the company said in a statement.

LG's mobile division ran an operating loss of 9 billion won, compared with a 133 billion won profit a year earlier, even as smartphone shipments grew by an annual 19 percent to 12.3 million units. Higher revenues are expected in the second quarter with the release of the flagship LG G3 smartphone and wider roll-out of the mass-tier L Series III.



Previous
Next
Transcend Releases JetDrive SSD Upgrade Kits For MacBooks        All News        Samsung Announces First Quarter Results
Yahoo Unveils New Video and Digital Content Programming     General Computing News      Samsung Announces First Quarter Results

Get RSS feed Easy Print E-Mail this Message

Related News
LG G5 "Friends" LG CAM Plus, LG 360 CAM, LG 360 VR, LG TONE Devices Launch In US
LG's 2016 OLED TV Line Launches At U.S. Retail
Samsung, LG to Unveil Their Display Technologies at SID 2016
Integrated IC Chip Could Give LG Pay An Advantage Over Competitors
Samsung And LG Electronics To Offer Accerss To More Games Though Their Smart TVs
LG Is Spinning Off Two Projects Into Autonomous Startups
LG's New Active Camera WIll Live Stream Video Over 4G
LG Posts record Q1 Profit
LG G5 Friends Website Goes Live
New LG Bluetooth Keyboard Can Be Folded Along Five Rows
LG gram 15 Laprops Launch In The U.S.
LG Opens Up LG G5 Modular Design to Developers

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 .