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LG returns mobile business to breakeven as shipments up 10%

Thursday 27 April 2017 | 09:55 CET | News
LG Electronics returned its mobile phone business to breakeven in the first quarter, helped by solid sales momentum for its mid-tier devices, and said it expects the improvements to continue in Q2 with the launch of its flagship G6 smartphone. The mobile division posted a small operating loss of KRW 0.2 billion in the quarter, recovering from a loss of KRW 202 billion in the year-earlier period and KRW 463 billion in Q4. This was driven by annual sales growth of 1.7 percent and a sequential increase of 3.7 percent, to KRW 3.012 trillion. The company reported smartphone shipments of 14.8

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Categories: Mobile & Wireless
Companies: LG
Countries: World
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