LG mobile still in the red in Q4 despite 28% sales growth

Monday 27 January 2014 | 09:18 CET | News
LG Electronics reported a small increase in fourth-quarter revenues, helped by strong sales of its smartphones. Revenues rose to KRW 14.92 trillion (USD 14.03 billion) from KRW 14.80 trillion a year earlier, and operating profit increased to KRW 238 million from KRW 117 million. LG still posted a net loss of KRW 64.5 billion for the quarter, due to one-time charges for foreign exchange movements. At the mobile division, revenues were up 28 percent from a year earlier and 18 percent higher versus Q3 at KRW 3.59 trillion. The company shipped 13.2 million phones, up 54 percent year-on-year,

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Categories: Mobile & Wireless
Companies: LG
Countries: World
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