LG announces financial results for the second quarter of 2018

The subject LG announces financial results for the second quarter of 2018 appeared on Engadget.

Announced LG about the financial results for the second quarter today, and it appears the numbers are fairly good.

It has made the Korean company won a $ 748.8 million Korean won ($668 million), which makes the results of this quarter are the best for 2018. But it seems that the Department of mobile phones was the most loss, with 13 and 47 million Korean won (130, 5 million) after recording sales of $ 2, 4 trillion Korean won (1.82 million dollars).

I have realized that LG fault at this time last year where they changed the director of the Department of mobile phones, which led to a complete change in the approach to the market and the efforts of research and development. And the positive is that the operating deficit continues to decline, while the projections indicate high sales during the upcoming holiday season, predicts LG to says mobile phone V40 ThinQ reject the evaluation and implementation basis more profitable.

It is worth noting that other sections achieved a good performance between July and September, where the Department of Home Appliance & Air Solution a profit of about $ 365 million of revenue amounted to 4.33 million. While the Department of Home Entertainment about 3.31 million in sales, while income increased Department of Vehicle Components %41 on an annual basis and 35 percent on the quarter hour, but a total operating loss of approximately $ 38 million due to the acquisition of systems provider headlights.

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The subject LG announces financial results for the second quarter of 2018 appeared on Engadget.

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