LG reported about second quarter results
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POSTER: computer news || LG REPORTED ABOUT SECOND QUARTER RESULTS |
DATE:2014-07-24 |
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LG Electronics has announced that its second-quarter net profit increased by 165% compared to the same period last year, reflecting the higher sales of televisions and mobile devices. Net profit for the period was $ 399.8 million, operating profit - $ 588.5 million (+26.5% compared with the previous year). The unaudited consolidated revenue for the second quarter increased by 7.7% to $ 14.93 billion. About one-third of revenue - $ 4.94 billion - provided unit LG Home Entertainment Company. Indicators have not changed compared to the second quarter 2013 and grew by only 3% compared to the first quarter of this year. Operating profit was $ 150 million, for the year grew by 64.9 index% due to improved product mix and cost reductions. For the second quarter was sold 14.5 million smartphones that for division LG Mobile Communications Company is a record. This is 20% more than LG was able to ship in the second quarter of 2013, resulting in revenues also increased by 16% to $ 3.51 billion (up from the beginning of 2010). Operating profit - $ 83.4 million; before LG suffered three consecutive quarters of losses . Division LG Home Appliance Company and LG Air Conditioning & Energy Solution Company brought about $ 4.53 billion in revenue. | ||
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LG REPORTED ABOUT SECOND QUARTER RESULTS |
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