Breaking News

KIOXIA and Western Digital announce 6th-generation 3D flash memory G.SKILL Announces New 24GB & 48GB Module Capacity Kits, Up to DDR5-8200 GIGABYTE A620 Motherboards Bring You the Smartest Choice to Enjoy AM5 Platform Intel NUC 13 Pro: Small Outside, Powerful Inside Asus announced Chromebox 5

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

LG Electronics Posts Record Sales In Third Quarter

LG Electronics Posts Record Sales In Third Quarter

Enterprise & IT Oct 19,2004 0

LG Electronics reported a 36 percent rise in third quarter net profit, as revenue jumped to a record high. LG Electronics announced Monday that it΅―s third quarter operating profit soared 92 percent year-on-year to W355.4 billion, boosted by strong overseas demand for it΅―s mobile handsets and high-end electronic goods. Third quarter net profit also rose 38.3 percent year-on-year to W304.4 billion, while sales increased 24 percent to an all-time high of W6.11 trillion. Compared with the previous quarter, however, operating profit slipped 9.5 percent, while net profit slipped 38.3 percent.

The company attributed it΅―s robust quarterly numbers to aggressive marketing of premium goods like mobile handsets, digital TVs and air-conditioners, as well as to strong export performance. In the face of sluggish domestic sales, exports rose 27.9 percent year-on-year to W4.877 trillion in the third quarter.

By sector, information and communication posted sales of W2.46 trillion. LG sold a total of 11.8 million handsets worth W2.285 trillion in the third quarter, up 55 percent. Digital display and media sales rose 3 percent to W2.18 trillion, while appliance sales rose 18 percent to W1.41 trillion.

LG expects to ring up W24 trillion in sales in the fourth quarter, on the back of strong overseas demand for digital TVs and washing machines.

Tags: LG Electronics
Previous Post
Epson intros multi-format film scanner
Next Post
AMD pushes PC with Athlon 64 FX

Related Posts

  • LG releases QNED MINI LED TVs, setting a new standard for LCD picture quality

  • LG Electronics announces 31.5-inch 4K organic EL display 32EP950-B

  • LG rolls out 2021 TV lineup with OLED TVs and Mini-LED TVs

  • LG Electronics' 'Wing' Smartphone Said to Have a Swivelling Display

  • LG Velvet Smartphone Officially Launched in South Korea

  • LG Launches 2020 Sound Bars

  • LG Reports Record Operating Income Margin, Revenue Decline

  • LG Velvet Specifications Unveiled

Latest News

KIOXIA and Western Digital announce 6th-generation 3D flash memory
Enterprise & IT

KIOXIA and Western Digital announce 6th-generation 3D flash memory

G.SKILL Announces New 24GB & 48GB Module Capacity Kits, Up to DDR5-8200
PC components

G.SKILL Announces New 24GB & 48GB Module Capacity Kits, Up to DDR5-8200

GIGABYTE A620 Motherboards Bring You the Smartest Choice to Enjoy AM5 Platform
PC components

GIGABYTE A620 Motherboards Bring You the Smartest Choice to Enjoy AM5 Platform

Intel NUC 13 Pro: Small Outside, Powerful Inside
Enterprise & IT

Intel NUC 13 Pro: Small Outside, Powerful Inside

Asus announced Chromebox 5
Enterprise & IT

Asus announced Chromebox 5

Popular Reviews

Withings Thermo Wi-Fi-connected temporal thermometer

Withings Thermo Wi-Fi-connected temporal thermometer

Withings Body Plus Scale

Withings Body Plus Scale

Withings Sleep Analyzer

Withings Sleep Analyzer

EnGenius ECW230 Access Point

EnGenius ECW230 Access Point

Pioneer BDR-S13U-X Blu-Ray Recorder

Pioneer BDR-S13U-X Blu-Ray Recorder

EnGenius ECW230S AP

EnGenius ECW230S AP

Noctua NH-D12L CPU Cooler

Noctua NH-D12L CPU Cooler

be quiet! Pure Rock 2 FX

be quiet! Pure Rock 2 FX

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed