Friday, August 28, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Acer Liquid Z410 And Liquid Jade Z Phones Released
Huawei Honor Phones Coming To Europe
AMD Radeon R9 370X Graphics Card Launched In Asia
Nokia Agrees on 'Shanghai Bell' Joint Venture with China Huaxin
Apple Debuts at the Number Two Spot In Wearables Market, Behind Fibit
Microsoft's Lumia 950 and 950 XL Windows 10 Smartphones Leaked Online
Facebook Says It Has One Billion Users Per Day
Google Says Improving Quality Isn't Anti-competitive
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 Elec...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, October 24, 2012
LG Electronics Reports Q3 Profit on Mobile Result


LG Electronics today reported a solid third-quarter performance with the third consecutive quarter of positive net income. The better-than-expected performance in the mobile and home appliance businesses helped offset a decline in overall year-over-year sales for the third quarter.

Third-quarter net profit of KRW 157 billion (USD 138.57 million) with operating profit recording KRW 221 billion (USD 195.06 million) showed significant improvements from the loss in the same period last year. Third-quarter revenues fell 4 percent year-over-year to KRW 12.38 trillion (USD 10.93 billion) due to the continuing decline of feature phone sales and overall weak demand.

LG Home Entertainment company third-quarter 2012 sales of KRW 5.49 trillion (USD 4.84 billion) were led by an increase in LCD TV sales, offsetting sluggish global demand. Percentage sales attributed to 3D TVs and LED TVs increased quarter-on-quarter with unit sales growing in most regions. IT products led by IPS monitors and monitor TVs also increased from the previous quarter. Operating profit of KRW 89 billion (USD 78.55 million) was unchanged from third quarter 2011. In the fourth quarter, the company plans to increase sales of LCD TVs by expanding marketing of CINEMA 3D Smart TVs and enhancing its brand positioning with the new Ultra HD TV.

LG Mobile Communications company improved significantly in the 2012 third quarter, recording operating profit of KRW 22 billion (USD 19.42 million) due in large part to healthy sales of LTE smartphones in Korea, Japan and the United States. In addition, Optimus L-Series continued to expand into 3G markets, contributing to the sales increase. Revenues increased by 5 percent quarter-to-quarter to KRW 2.45 trillion (USD 2.16 billion) as shipments exceeded 14 million units, an increase of 9 percent from the previous quarter. The company expects to further increase its shipments and revenue in the fourth quarter with the global launch of the Optimus G superphone and sales of Optimus Vu: 2 in Korea.

LG Home Appliance company reported improved sales and operating profit from the same quarter last year. Revenue increased 6.4 percent year-over-year to KRW 2.87 trillion (USD 2.53 billion) and operating profit of KRW 129 billion (USD 113.86 million) reflected strong sales in the United States as well as emerging markets.

LG Air Conditioning and Energy Solution company posted a 3 percent year-over-year sales decline to KRW 974 billion (USD 859.66 million) while profitability increased slightly from the same period the previous year. The company expects worldwide demand to remain sluggish but the trend toward more energy efficient products should help drive demand in its commercial air conditioning systems business.


Previous
Next
Nintendo Revises Profit Outlook Ahead of Wii U Launch        All News        Samsung Unveils Windows 8-based ATIV Smart PC
Facebook Sees Mobile Ad Growth     General Computing News      Google, Facebook Pumping Money Into Lobbying Efforts Setting New Records

Get RSS feed Easy Print E-Mail this Message

Related News
LG Develops Full-Size Keyboard For Pockets
LG Releases New OLED TVs In The U.S.
LG Upgrades The G Pad 10.1 Tablet
LG Expands Its Wireless Audio Product LineUp At IFA
LG Relases Mid-Range Tone Ultra Bluetooth Headset Series
LG Display To Heavily Invest In OLED
LG To Offer Hi-Fi Music Service
LG, Google To Promote Mobile Payment System
LG Electronics 2Q Profit Slumps On Weak TV, Smartphone Sales
LG Display to Invest in OLED Panel Line for Flexible Displays
New LG TONE Active Headset Could Ber Your Workout Partner
LG Electronics Denies Take Over Rumors By Google

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 .