LG Electronics has reported revenues of 15.22 trillion won (US$ 13.44 billion) in the third quarter that ended September 30, 2017, which is up 15.12% compared to the same quarter last year. This is due to strong sales in home entertainment and appliances sector despite the gloomy business environment resulting from increasing international trade concerns, said LG. It has reported operating income of 516.1 billion won (US$ 455.7 million), up 82.26% for the same quarter in 2016, as it had reported in preliminary results. Continue reading “LG profits up 82%, mobile revenue up 8% YoY in Q3 2017”
Tag: LG Q3 2017
LG expects 82% increase in operating profit YoY in Q3 2017
LG Electronics has reported preliminary quarterly earnings for third quarter of 2017. It expects increase 82.2% YoY increase in operating profit in Q3 with most revenue coming from home appliances and TV business. With an operating profit of 516.1 billion won ($454 million) in the period of July-September, the revenue is expected to rise up at least by 15.2% higher than the same period last year. Continue reading “LG expects 82% increase in operating profit YoY in Q3 2017”