Friday, February 12, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Uber Agrees to Settle Safety Lawsuits
Google To Expand Right-to-Be-Forgotten Removals Following Pressure From Europe
Apple And At&T Sued For Infringement of Touch Feedback Patents
LG Will Not Unveil LG Pay at MWC
AMD Zen Processor For Data centers May Have 32 Cores
Quantum Break Coming to Xbox One and Windows 10 on April 5
Samsung Showcases Latest Monitors, TVs, Smartpwatch And Tablet At 2016 European Forum
Qualcomm Announces Three New Snapdragon Processors, Wear Platform And First Gigabit Class LTE Modem
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
 Home > News > General Computing > LG Elec...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, January 27, 2014
LG Electronics Reports 4Q Loss, Full Year Improved Results


LG Electronics suffered a loss in the final quarter of 2013 because of the stronger South Korean currency, higher marketing costs and falling smartphone prices.

The South Korean tech company said Monday its fourth-quarter 2013 net loss was KRW 63.5 billion (USD 60.21 million) primarily "due to higher non-operating expense as a result of FX movements."

For the full-year 2013, LG announced consolidated revenues of KRW 58.14 trillion (USD 53.10 billion) and net profit of KRW 222.70 billion (USD 203.65 million), marking an improvement over 2012 results. Operating profits increased modestly in 2013 to KRW 1.28 trillion (USD 1.17 billion) from KRW 1.22 trillion (USD 1.08 billion) in full-year 2012.

The LG Home Entertainment business reported an 18 percent revenue increase quarter-on-quarter. Despite higher demand for LCD TVs in North America, Asia and CIS countries, full-year revenue declined by 5 percent from the previous year. Operating profit margins increased each quarter in 2013 due to a stronger product mix that included more high-end models such as OLED TVs and Ultra HDTVs, which are expected to see strengthening demand in 2014.

LG's mobile communications business reported a 29 percent increase in annual revenues year-on-year and an 18 percent increase in fourth-quarter revenues with help from stronger LTE smartphone sales such as G2 and Nexus 5. Smartphone shipments of 13.2 million units represented an increase of 54 percent from the previous year. However, the positive impact of improved product mix was offset by higher marketing investments to strengthen LG's brand equity and intensified price competition.




Previous
Next
Logitech Unveils New Group Video Conferencing Solution        All News        AT&T Dismisses Vodafon Rumors
Google to Buy DeepMind     General Computing News      Apple To Offer Mobile Payments Service

Get RSS feed Easy Print E-Mail this Message

Related News
LG Will Not Unveil LG Pay at MWC
LG Introduces Touch-Enabled Quick Phone Cover For LG G5 Smartphone
LG Electronics Teases With "Always On" Display Of G5
LG's Home Appliances Business More Profitable Than Samsung's
LG To Release Universal Credit Card
LG K10 And K4 Smartphones to begin Rolling Out Globally
LG To Release Two Flagship Phones This Year
LG To Announce New G5 Smartphone At MWC
LG Gram 15 Laptop Weighs Less Than 1Kg
LG To Invest Additional $435 Million In Solar Cell Production
LG K10 Smartphone Launching In Korea
LG Introduces New 4K HDR-Enabled OLED TV Lineup At CES 2016

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .