Department of mobile devices in LG Company continued to hemorrhage money in the fourth quarter of 2017

LG G6 897

The company LG unveiled today its financial results for the fourth quarter of 2017. The company recorded a South Korean record revenues for the whole year amounted to 55.4 million USD, an increase of 11% compared with the year 2016. The profits were also impressive, it amounted to 2.24 billion USD, an increase of 85% compared with the previous 12 months.

Was not able to section devices of portable communication to return to profitability, but he succeeded in reducing the operating loss to reach 192.33 million USD after it had reached 331.37 billion USD in the previous three months.

The company appointed LG’s new head of mobile devices after the second quarter of 2017. And now, according to the company, the restructuring of the section is one of the reasons for impairment losses. It was the holiday season strong buy LG also, due to the strong sales of the phone LG V30, smartphones, other high end.

Continuous growth and interestingly was also the share of TVs LG OLED and LG UHD TV, and the share of washing machines TWINWash refrigerators InstaView which also contributed to the increase in revenues of the company LG.

Source.

The post Department of mobile devices in LG Company continued to hemorrhage money in the fourth quarter of 2017 appeared first on electronic.

Leave a Reply

Your email address will not be published. Required fields are marked *