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Wireless

LG posts Q4 loss on flat smartphone sales

Tuesday 26 January 2016 | 08:29 CET | News
LG Electronics reported improved operating profit for the fourth quarter compared to a year earlier, as better margins in TVs and home appliances helped offset losses at its mobile phone business. The company's operating profit rose 27 percent year-on-year to KRW 349 billion. Sales were still down 4.7 percent to KRW 14.56 trillion, and the bottom line was a net loss of KRW 141 billion, due to losses at LG Display. At the mobile phone business, sales were flat year-on-year at KRW 3.8 trillion, and the operating margin was a negative 1.2 percent, the second consecutive quarter in the red.

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Categories: Mobile & Wireless
Companies: LG
Countries: World
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