LG Electronics returns to profit in Q3

Wednesday 24 October 2012 | 08:48 CET | News
LG Electronics reported a small improvement in results at its mobile phone business in the third quarter, restoring the activities to an operating profit of KRW 21 billion. That compares to losses of KRW 140 billion a year earlier and KRW 59 billion in the second quarter. Sales from mobile handsets were still down 9.9 percent year-on-year to KRW 2.423 trillion, but improved 6.0 percent versus Q2. Handset shipments rose 9 percent from the previous quarter to around 14 million units. Growth was led by LTE sales in the US, Japan and Korea and the new L series of 3G phones; the higher end

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Categories: Mobile & Wireless
Companies: LG
Countries: World
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