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Wireless

LG Electronics Q4 revenue up 1.5%, net loss hits KRW 258 bln

Wednesday 25 January 2017 | 09:36 CET | News
LG Electronics reported sales of KRW 14.77 trillion in the fourth quarter of 2016, which represents an increase of 1.5 percent year-on-year, and 11.7 percent quarter-on-quarter. Both the LG Home Appliance & Air Solutions Company and LG Home Entertainment Company posted their strongest operating profit ever in 2016. However, due to losses from the Mobile Communications and Vehicle Components divisions, LG reported a fourth-quarter net loss of KRW 258.80 billion (approximately USD 223.98 million).

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Categories: Mobile & Wireless
Companies: LG
Countries: World
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