Breaking News

Viltrox Announces AF 15mm F1.7 Air MSI Prestige 16 AI Mercedes-AMG Motorsport Limited Edition Laptop GAMEMAX Introduces AERIS 330 Series micro-ATX PC Case COLORFUL Launches Rimbook Series Laptops Circular Smart Rings Offer Early Detection of Sickness Symptoms

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

LG's Q3 Operating to Rise on Strong TV and Home Appliances Sales

LG's Q3 Operating to Rise on Strong TV and Home Appliances Sales

Enterprise & IT Oct 10,2017 0

LG Electronics said Tuesday its operating profit is estimated to have shot up 82.2 percent on-year in the third quarter, helped by its home appliances and TV businesses.

LG said that tentative consolidated revenues for the third quarter of 2017 is nearly KRW 15.2 trillion with an operating profit of KRW 516.1 billion. The company expects revenues to be 15.2 percent higher with operating profit 82.2 percent higher than the same period the year prior.

The third-quarter operating income marks the highest for its third-quarter performances since the July-September period of 2009.

LG did not offer a net profit estimate for the third quarter, as well as breakdowns for each segment. The South Korean tech giant is set to unveil its finalized earnings later this month.

The company is expected to have enjoyed a robust performance of its home appliances and TV businesses, while its mobile division is presumed to have suffered continued losses, probably marking the 10th consecutive quarter for LG to post operating losses in the sector.

The expected slump in LG's mobile business unit is attributable to increased marketing costs following the release of the flagship V30 smartphone. The sluggish sales of the G6 smartphone released in the first half also might have weighed down on the mobile division.

LG's V30 smartphone went on sale in late September.

Tags: LG Electronics
Previous Post
China's BOE Ready to Produce Flexible OLEDs
Next Post
Cortana is Coming to Your Skype Chat Window

Related Posts

  • LG releases QNED MINI LED TVs, setting a new standard for LCD picture quality

  • LG Electronics announces 31.5-inch 4K organic EL display 32EP950-B

  • LG rolls out 2021 TV lineup with OLED TVs and Mini-LED TVs

  • LG Electronics' 'Wing' Smartphone Said to Have a Swivelling Display

  • LG Velvet Smartphone Officially Launched in South Korea

  • LG Launches 2020 Sound Bars

  • LG Reports Record Operating Income Margin, Revenue Decline

  • LG Velvet Specifications Unveiled

Latest News

Viltrox Announces AF 15mm F1.7 Air
Cameras

Viltrox Announces AF 15mm F1.7 Air

MSI Prestige 16 AI Mercedes-AMG Motorsport Limited Edition Laptop
Consumer Electronics

MSI Prestige 16 AI Mercedes-AMG Motorsport Limited Edition Laptop

GAMEMAX Introduces AERIS 330 Series micro-ATX PC Case
Cooling Systems

GAMEMAX Introduces AERIS 330 Series micro-ATX PC Case

COLORFUL Launches Rimbook Series Laptops
Enterprise & IT

COLORFUL Launches Rimbook Series Laptops

Circular Smart Rings Offer Early Detection of Sickness Symptoms
Consumer Electronics

Circular Smart Rings Offer Early Detection of Sickness Symptoms

Popular Reviews

be quiet! Light Loop 360mm

be quiet! Light Loop 360mm

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Noctua NH-D15 G2

Noctua NH-D15 G2

Soundpeats Pop Clip

Soundpeats Pop Clip

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

be quiet! Pure Base 501

be quiet! Pure Base 501

Terramaster F8-SSD

Terramaster F8-SSD

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed