Thursday, August 21, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Sharp Launches 12-Mpixel CMOS Sensor for 4k Video
LG Delivers New Bluetooth Minibeam Projector, More L Series Smartphones<
HP Reports Revenue Gain
Opera Browser Coming On Windows Phones
Shuttle Presents ARM-based Android PCs
Infineon To Buy International Rectifier for Approximately $3 Billion
Verizon May Launch New App Store
ZTE Nubia 5S mini LTE Coming Unlocked For $280
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 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 Delivers New Bluetooth Minibeam Projector, More L Series Smartphones<
LG's Flowing Sound Audio Wireless Solution Coming At IFA
LG G3 UX To Become Standard In Across LG's Mid- to Entry-level Devices
LG To Unveil Curved IPS Monitor At IFA 2014
LG G Watch 2 Coming At IFA
LG Begins Shipping LTE Version Of G PAD 8.0
LG Brings In The U.S. An OLED TV That You Might Buy Easier
LG G3 A Released In Korea
LG G3 Stylus Coming Next Month
LG Starts Selling Its 105-Inch Curved UHDTV
LG Electronics' Strong Profit Boosted By G3 Success
LG Introduces Games For Quickcircle Case

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .