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LG Electronics Q4 profit jumps 34% but revenues still depressed by lower mobile business

Thursday 30 January 2020 | 09:59 CET | News
LG Electronics said revenues for the fourth quarter rose 1.8 percent from the year before to KRW 16.06 trillion, as expected, and that its operating jumped 34.5 percent higher to KRW 101.8 billion. The mobile phone business continued down, with revenues for Q4 falling to KRW 1.32 trillion from 1.70 trillion the year before, hit by slow sales of mass-tier smartphones in overseas markets. LG said recovery here will hinge on the introduction of new mid to premium 5G smartphones and continued cost-cutting efforts.

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Categories: Mobile & Wireless / Mobile & Wireless
Companies: LG
Countries: World
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