TweakTown
Tech content trusted by users in North America and around the world
6,054 Reviews & Articles | 38,941 News Posts
TRENDING NOW: DisplayPort 1.3 announced, supports 5K, as well as 4K at 120Hz

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 SOURCES:Engadget.com

Related Tags

Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.

Do you get our news RSS feed? Get It!

Got an opinion on this news? Post a comment below!

Latest Tech News Posts

View More News Posts

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases