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LG operating profit jumps over 500% in strong Q4 still marked by losses at mobile

Friday 29 January 2021 | 09:38 CET | News
LG Electronics reported higher results for the fourth quarter, and a record operating profit for the full year, driven mainly by demand for premium home appliances and strong growth in vehicle component solutions. LG expects the global economy to normalize this year after the covid-19 pandemic, though slow economic recovery does remain a concern. The company said it plans this year to widely apply new technologies such as AI, 5G, IoT and mobility to many of its business areas. 

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Categories: Mobile & Wireless
Companies: LG
Countries: World
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