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LG enjoys a profitable Q4, improved income in all divisions - life's good

Life's good for LG, with profits in Q4 and improved income from all divisions

| Business, Financial & Legal News | Posted: Jan 30, 2013 9:36 am

LG have released their quarterly and year-end earnings, and we're seeing the South Korean electronics giant post a net profit of $80.75 million. Revenues overall saw a decline of 6% from last year, but operating profit soared from $342.06 million for 2011, to $1.01 billion last year.

 

TweakTown image news/2/8/28197_02_lg_enjoys_a_profitable_q4_improved_income_in_all_divisions_life_s_good.jpg

 

LG's TV division saw record sales and a full-year profit of over $480 million, while their cellphone division revenue for Q4 was the highest throughout 2012, where they shipped 8.6 million smartphones.

 

I'm sure that can be contributed toward the Optimus G and Nexus 4 handsets, which are both stellar devices.

NEWS SOURCE
Engadget.com

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