0
Wireless

LG results up in Q3 as smartphone sales return to growth

Thursday 26 October 2017 | 10:09 CET | News
LG Electronics reported a strong improvement in third-quarter results, as growth in its home appliances and TV business was supplemented by improved sales of its smartphones. Revenues increased 15 percent to KRW 15.22 trillion, with higher sales all four divisions. Operating profit nearly doubled to KRW 516.1 billion, as strong profitability in home entertainment and appliances offset losses in the mobile and automotive businesses.

Thank you for visiting Telecompaper

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.

Subscriptions

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
Countries: World
::: add a comment
This article is part of dossier

Ifa


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.


Related

LG preliminary Q3 revenues reach record high of KRW 15.4 tln

Published 05 Oct 2018 10:54 CET | World
LG Electronics reported preliminary results for the third quarter, saying revenues hit a record level of KRW 15.4 trillion, up ...

LG introduces Q7 mid-range smartphone

Published 21 May 2018 11:17 CET | World
LG Electronics announced a new phone in its Q mid-range series, the LG Q7. Shipments to key markets in Europe will begin early ...

LG narrows smartphone losses in Q4 on stable shipments

Published 25 Jan 2018 08:34 CET | World
LG Electronics reported improved results for the fourth quarter, led by its premium TV business, and said it expects sales growth ...

LG operating profit recovers on strong revenue growth in Q4

Published 08 Jan 2018 08:57 CET | World
LG said preliminary results for the fourth quarter showed a recovery in its operating profit and strong revenues. The company ...

LG replaces mobile CEO, hires new CTO from Samsung

Published 30 Nov 2017 08:35 CET | World
LG Electronics is replacing the head of its mobile phone business. Hwang Jeong-hwan has been named president and CEO of the LG ...

LG ziet verkoop smartphones stijgen in Q3

Published 26 Oct 2017 10:41 CET | World
De operationele winst verdubbelde naar 516,1 miljard Koreaanse won. De omzet bij de mobiele divisie steeg met 8 procent op ...

LG Electronics posts Q3 sales up 15%, higher operating profit

Published 11 Oct 2017 10:07 CET | Korea, Republic of
LG Electronics reported higher third-quarter results in its preliminary report. Revenues are expected to grow 15.2 percent ...

Nokia to book revenue in Q3 after LG patent ruling

Published 18 Sep 2017 08:34 CET | World
The International Court of Arbitration of the International Chamber of Commerce has issued a decision regarding the patent ...

LG to double investment in smart home business by 2020

Published 04 Sep 2017 12:28 CET | World
LG Electronics plans to double its annual investment in its smart home business by 2020. At an annual IFA tradeshow in Germany, ...

LG unveils flagship V30 smartphone at IFA

Published 31 Aug 2017 10:01 CET | World
LG has unveiled at the IFA show in Berlin its new flagship smartphone for the year-end shopping season, the V30. Building on a ...

LG to launch V30 smartphone on 31 August

Published 08 Aug 2017 13:00 CET | World
LG Electronics has announced that its new flagship smartphone, the LG V30, will be showcased later this month. The LG V30 ...

LG Q6 launches in Korea, to soon release worldwide

Published 31 Jul 2017 11:02 CET | World
LG Electronics (LG) announced the launch of the first smartphone from its new Q series, the Q6, in Korea starting from the week ...

LG mobile back in the red in Q2 as premium smartphone sales disappoint

Published 27 Jul 2017 09:29 CET | World
LG Electronics saw its mobile phone business fall back in the red in the second quarter, after a small profit in Q1. With weak ...

LG launches Q8 smartphone, a mini V20

Published 21 Jul 2017 12:46 CET | Italy | Update: 24 Jul 2017 08:52 CET
LG announced the launch of a new quad-HD smartphone with a 5.2-inch screen, the LG Q8. The Q8 has similar specifications to LG's ...





Calendar   /   Industry Events

30 Nov Zoom Video Communications Q3 2020
30 Nov NexTV Series MENA
01 Dec Hewlett Packard Enterprise fiscal Q4
01 Dec 5G Italy
01 Dec NGON & DCI World
02 Dec FTTH Conference
02 Dec Microsoft AGM
02 Dec Telia EGM
03 Dec Marvell Technology fiscal Q3
03 Dec GCX fiscal Q2
03 Dec Liberty Latin America AGM
06 Dec Gitex Technology Week
::: More Calendar Items