LG Mobile suffers Q2 loss on price decline

Wednesday 28 July 2010 | 10:05 CET | News
LG Electronics reported an operating loss from its mobile communications division of KRW 300 billion in the second quarter, versus a profit of KRW 24 billion a year ago, as the company suffered from price erosion and higher costs to boost its market positioning. Revenues at the division fell 29.5 percent from a year earlier to KRW 3.619 trillion, but were up 5.2 percent from Q1. The handset activities were responsible for much of the decline, generating an operating loss of KRW 122 billion on sales down 30.8 percent year-on-year to KRW 3.373 billion. LG said it suffered from a decline in the

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: LG Electronics Benelux
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.