LG posts Q4 loss on fine; mobile sales improve

Wednesday 30 January 2013 | 08:51 CET | News
LG Electronics reported a net loss of KRW 468 billion (USD 429 million) for the fourth quarter, hurt by a fine over CRT pricing from the EU. Revenues were down 2.2 percent from a year earlier to KRW 13.50 trillion, as growth in mobile phones was offset by weaker sales of consumer electronics and appliances. Operating profit improved to KRW 107 billion from KRW 86 billion thanks to cost reductions. LG's mobile division improved sales 1.3 percent year-on-year and 14.9 percent from the previous quarter to KRW 2.81 billion. The company shipped 15.4 million phones in the three months to December,

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Categories: Mobile & Wireless
Companies: LG
Countries: World
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