During The first quarter of 2014, LG Electronics operating income was $ 471.47 million, while net profit increased by 319% compared to the same period last year and reached $ 86.62 million, according to a press release from the company.
Excellent LG Electronics sales results associates with TVs. Thus, the revenues LG Home Entertainment division increased by 3% compared to the first quarter of 2013 to $ 4.63 billion, operating profit of the company is $ 224.8 million. LG expects to start selling the new TVs Ultra HD format and based on OLED-panels will increase the financial performance in the future.
Grow and sales of smartphones - LG for the quarter was able to realize their 12.3 million units, almost 20% higher than a year earlier. Five million units support networks LTE, which is 79% more than in the first quarter of 2013. Revenue from sales of smartphones rose by 6% to $ 3.2 billion.