LG Announces Q3-2012 Financial Results

LG Announces Q3-2012 Financial Results

LG Electronics (LG) today reported a solid third-quarter performance with the third consecutive quarter of positive net income and all four companies recording strong operating profits. Better-than-expected performance in the mobile and home appliance businesses helped offset a slight decline in overall year-over-year sales for the third quarter.

Third-quarter net profit of KRW 157 billion (USD 138.57 million) with operating profit recording KRW 221 billion (USD 195.06 million) showed significant improvements from the loss in the same period last year. Third-quarter revenues fell 4 percent year-over-year to KRW 12.38 trillion (USD 10.93 billion) due to the continuing decline of feature phone sales and overall weak demand.
LG Home Entertainment Company third-quarter 2012 sales of KRW 5.49 trillion (USD 4.84 billion) were led by an increase in LCD TV sales, offsetting sluggish global demand. Percentage sales attributed to 3D TVs and LED TVs increased quarter-on-quarter with unit sales growing in most regions. IT products led by IPS monitors and monitor TVs also increased from the previous quarter. Operating profit of KRW 89 billion (USD 78.55 million) was unchanged from third quarter 2011. In the fourth quarter, the company plans to increase sales of LCD TVs by expanding marketing of CINEMA 3D Smart TVs and enhancing its premium brand positioning with the new Ultra HD TV.

LG Mobile Communications Company improved significantly in the 2012 third quarter, recording operating profit of KRW 22 billion (USD 19.42 million) due in large part to healthy sales of LTE smartphones in Korea, Japan and the United States. In addition, Optimus L-Series continued to expand into 3G markets, contributing to the sales increase. Revenues increased by 5 percent quarter-to-quarter to KRW 2.45 trillion (USD 2.16 billion) as shipments exceeded 14 million units, an increase of 9 percent from the previous quarter. The company expects to further increase its shipments and revenue in the fourth quarter with the global launch of the Optimus G superphone and sales of Optimus Vu: 2 in Korea.

LG Home Appliance Company reported improved sales and operating profit from the same quarter last year. Revenue increased 6.4 percent year-over-year to KRW 2.87 trillion (USD 2.53 billion) and operating profit of KRW 129 billion (USD 113.86 million) reflected strong sales in the United States as well as emerging markets. With global appliance demand stagnant, the fourth quarter will be challenging but additional marketing promotions and new model launches should help offset the situation.

LG Air Conditioning and Energy Solution Company posted a 3 percent year-over-year sales decline to KRW 974 billion (USD 859.66 million) while profitability increased slightly from the same period the previous year. The company expects worldwide demand to remain sluggish but the trend toward more energy efficient products should help drive demand in its commercial air conditioning systems business.

 

 

LG Announces Q3-2012 Financial Results


Link: LG

Skrevet af Martin den 24. Oct 2012. Nyheden er læst 461 gang(e).

Del med dine venner

     

0 kommentarer
Skriv kommentar til nyheden Kommentarer til nyheden fra Facebook

 

OnePlus 6 - Glas og notch er det nye spejlblanke sorte hos OnePlus

OnePlus vokser i popularitet, og deres seneste OnePlus 6 er selvfølgelig lanceret med et håb om at fange inte

Læs Mere

MSI Immerse GH70 Headset

MSI som mest er kendt for deres bund og grafikkort, har sendt os et af deres nye og lidt anderledes produkter. Vi har modt

Læs Mere

Cooler Master MasterWatt 550 Watt

Cooler Master udvider deres MasterWatt serie af strømforsyninger med modeller, som spænder fra 450-750 watt.

Læs Mere

Cooler Master RGB Hard Gaming Mouse Pad

Der var en gang hvor en musemåtte blot var en kedelig stof eller plastik ting, man havde liggende på sit skriv

Læs Mere

FitBit Charge 2 fitness tracker

Vi byder i dag på en test til de mere fitnessinteresserede brugere på vores side. Sig pænt goddag t

Læs Mere

Arozzi Mezzo V2 - Gaming Stol

Mange og lange timer foran computeren, kræver selvfølgeligt et godt sted at slå ballerne ned. Med

Læs Mere

Razer Panthera Arcade stick

Vi har igen Razer på besøg, i dag i en lidt mere extraordinær udgave, med deres Street Fighter special

Læs Mere

Enermax Revolution SFX 550 Watt Strømforsyning

Maksimal performance, i minimal indpakning. Dette kunne godt være salgsordene for PSU'en vi skal se på i denne

Læs Mere

 

Nyeste Videoer og Trailers

Seneste nyheder

Rochi Shion deler synopsis for Avengers 4

Hvad skulle vi dog gøre uden de sociale medier? Rochi Shion har via Twitter formået at give Marvel-fansene en
Læs Mere

Essential er sat til salg

Essential er et forholdsvis nyt foretagende fra Andy Rubin. Man er dog allerede nu ved at smide håndklædet i r
Læs Mere

EA har frigivet de foreløbige minimums systemkrav til Battlefield V

I første omgang handler det om minimumskravene til PC til det kommende Battlefield V, og hvad det tyder på, så
Læs Mere

MSI PRO 24X Series Ultra Slim All-in-One Desktop PC annonceret

MSI har i indeværende uge annonceret en ny all in one PC. MSI PRO 24X Series Ultra Slim All-in-One Desktop PC,
Læs Mere

Far Cry 5 Hours of Darkness, Vietnam DLC frigives 5 juni

Det super populære Far Cry 5 ikldes en ny DLC 5 juni 2018. Med navnet Hours of Darkness, Vietnam DLC, er der l
Læs Mere

Huawei finder display-partner til ny foldelig smartphone

BOE har fået æren af at fremstille det display, der skal påføres den nye foldelige smartphone fra Huawei.
Læs Mere

Apple indgår samarbejdsaftale med Volkswagen

Selvkørende biler er et af de nyere projekter, som Apple har kastet sig over. Nu er også Volkswagen blevet en
Læs Mere

Ubisoft gør Sam tilgængelig for alle

Digitale software assistenter, er the new shit hos flere og flere virksomheder, og naturligvis er de også at f
Læs Mere
Partner sider
Indsend nyhed
Har du fundet en fed nyhed så indsend den så alle andre på Tweak.dk kan få glæde af den.