LG Electronics has reported revenues of 14.66 trillion won (US$ 12.70 billion) in the first quarter that ended March 31, 2017, which is up 9.7% compared to the same quarter last year. It has reported operating income of 921.5 billion won (US$ 798.3 million), up 82.4% for the same quarter in 2016, after a operating loss of 35.2 billion won in the last quarter. This is LG’s highest quarterly operating income in eight years, driven by increase in sales in Home Appliance & Air Solutions Company. Continue reading “LG posts highest quarterly operating profit in 8 years in Q1 2017”
