Monday, September 01, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Korean Researchers Advance Synthesis Process for Graphene Quantum Dots
LG Display Opens LCD Panel Plant in China
Apple Said to Work With Visa, MasterCard on IPhone Wallet
China Gives Microsoft Deadline To Respond To Anti-trust Probe
Samsung Introduces First Curved Soundbar For TVs
Intel Hopes To Improve Its Mobile Business With Ex-Qualcomm exec
Kingston HyperX Demos DDR4 Memory at PAX Prime
Corsair and ASUS Fastest DDR4 Memory Kit
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 Display Opens LCD Panel Plant in China
Samsung, LG Introduce New Smartwatches
LG G3 Stylus Debuts At IFA
LG Teases With Round G Watch
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

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 .