LG guides for sinking profit in Q4

Nieuws Mobiel Wereld 6 JAN 2017
LG guides for sinking profit in Q4
LG Electronics has provided an earnings guidance for the fourth quarter, saying it sees consolidated sales at KRW 14.78 trillion, down 11.8 percent from the previous quarter but up 1.5 percent from the year before. The operating profit is expected to sink to KRW 35.3 billion, down from 283.2 billion in Q3 and 349.0 the year earlier.

Categories:

Mobiel

Regions:

Wereld

Tags:

Sales figures, Financial figures, Handsets

Related Articles

WERELD 6 APR 2021

LG confirms exit from mobile phone business, to shut down by 31 July

LG Electronics has confirmed it's exiting the mobile phone business. The decision to stop making phones was approved by its board of directors. 

WERELD 25 JAN 2017

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

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).

WERELD 6 JAN 2017

LG verwacht flinke winstdaling over Q4

LG heeft zijn guidance voor het vierde kwartaal van 2016 verstrekt. Volgens het Zuid-Koreaanse elektronicabedrijf komt de omzet in Q4 uit op 14,8 biljoen Koreaanse won, bijna 12 procent minder ten opzichte van het voorgaande kwartaal. Ten opzichte van een jaar eerder is er sprake van een toename van 1,5 procent. Naar verwachting daalt het operationeel resultaat van 349 miljard Koreaanse won in Q4 2015 naar 35,3 miljard. In Q3 2015 was nog sprake van een winst van 283,2 miljard Koreaanse won.

WERELD 27 OCT 2016

LG mobile revenues fall 23% in Q3, shipments down 9%

LG Electronics reported sales from its mobile phone business down 23 percent year-on-year in the third quarter to KRW 2.52 trillion (USD 2.3 billion). The company blamed the lower sales on a weak performance for top models like the G5 and price pressure in the smartphone market. Total smartphone shipments fell 9 percent year-on-year and were 3 percent lower versus Q2 at 13.5 million. The lower sales of premium devices and costs for restructuring led to a quarterly operating loss of KRW 436.4 billion in mobi

Just In

19 DEC 16:42

SLT-Mobitel launches 5G network in Sri Lanka

19 DEC 16:19

Dialog Axiata launches 5G network, connects 1.5 million subscribers

19 DEC 15:56

UK govt to ban AI-enabled nudification apps to protect women, girls

19 DEC 15:42

3 UK launches last-minute Christmas sale

Commentary

13:56

Video market set for slower growth ahead

11:38

Netflix buys Warner Bros to deepen content catalogue

11:11

KPN's mixed performance in Q3 raises questions for strategy day

15:26

Stock markets breaking records but what happened to Odido's IPO plans?

Background

01:04

The week in telecom: Wi-Fi bolt-ons take off to boost broadband growth, video market works on consolidation

01:39

The week in telecom: Netflix wins bidding for Warner Bros, Apple poaches new execs, Samsung debuts trifold

13:51

Proximus vs. Telenet: Proximus performs better in Q3 while Telenet uses up cash

14:16

Proximus Domestic still struggling with low margins

Complete profile

Before downloading the whitepaper, we would like to ask you to complete your profile with company and position. After confirming you will receive the white paper.