LG posts highest quarterly profits in 9 years in Q1 2018, continues to narrow smartphone losses

LG Electronics has reported revenues of 15.12 trillion won (US$ 14.1 billion) for the first quarter that ended March 31, 2018, which is up 3.2% compared to the same quarter last year. It has posted profits of 1.11 trillion won (US$ 1.03 billion), up 20% YoY, highest first-quarter profit and revenue in company history and the highest quarterly profitability since the second quarter of 2009. Continue reading “LG posts highest quarterly profits in 9 years in Q1 2018, continues to narrow smartphone losses”

LG forecasts highest quarterly profit in 9 years in Q1 2018

LG posted record profits of 921.5 billion won (US$ 798.3 million), up 82.4% YoY in Q1 2017. The company today released preliminary earnings results for the first quarter of 2018 which shows operating profit of 1.1 trillion won (US$1 billion), up 20.2% year-on-year, marking the highest first quarter revenues and operating profit in the history of the company and highest quarterly operating income in nine years. Continue reading “LG forecasts highest quarterly profit in 9 years in Q1 2018”