Thursday, July 31, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Researchers Discover New Smartphone Flaws
U.S. Government Issues Warning About Malicious Software
Hackers Can Use USB Devices in Attacks
Next Apple TV Release Delayed
CoD: Advanced Warfare Collector's Editions Announced
Lite-On IT Merged With Lite-On
AMD Introduces New Kaveri APUs for System Builders
Toshiba, Samsung Vie For 48-layer 3-D NAND Chips
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 > 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 Starts Selling Its 105-Inch Curved UHDTV
LG Electronics' Strong Profit Boosted By G3 Success
LG Introduces Games For Quickcircle Case
UHDTVs Boost LG Display Profit
LG Launches G3 With LTE-A Support In Korea
LG G3 Beat Coming In Europe
Samsung, LG To Respond To iPhone 6 With New Models
LG Expands Tablet Series With New LG G Pad 7.0 And LG G Pad 10.1
LG Updates Its Smart Keyboard
LG Showcases Flexible 18-inch OLED Display, Promises Larger Models
Samsung, LG To Work Together On Future Display Technologies
LG's Newest KIZON Wearable Gives Parents Peace of Mind

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 .