LG outs Q3 financial results, reports a profitable quarter

LG logoLG has posted its financial report for Q3 2012 and the news are mostly positive. The company has been described its performance as "solid" and while it didn't report huge profit at least it's in the black.

The overall net profit is reported at 157 billion Korean won ($138.57 million), which is $1.8 million lower than in Q2, but is still great news for LG.

The LG mobile division managed to ship 14 million smartphones, which is a 9 percent increase over the previous quarter. The revenue from the mobile communications department is also up by 5 percent on a quarter basis adding up to 2.5 trillion Korean won ($2.26 billion).

One of the main reasons for the growth are the company's newly introduced LTE droids, which sell particularly well in Korea, Japan and the US. The L-series of phones have also contributed to the positive results.

For the Q4 2012, the company says that it has set the groundwork to improve sales thanks to the launch of the Optimus G and Optimus Vu 2 in Korea. It also acknowledges that R&D and marketing expenses have increased, but it's still turning up profits thanks to "improved product mix" and "cost structure".

Source: GSMArena

Tags: LG, report

Comments
Add comment

Your name:
Sign in with:
or
Your comment:


Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party


Last news

 
Consumer group recommends iPhone 8 over anniversary model
 
LTE connections wherever you go and instant waking should come to regular PCs, too
 
That fiction is slowly becoming a reality
 
The Snapdragon 845 octa-core SoC includes the Snapdragon X20 LTE modem
 
Human moderators can help make YouTube a safer place for everyone
 
Google says Progressive Web Apps are the future of app-like webpages
 
All 2018 models to sport the 'notch'
 
The biggest exchange in South Korea, where the BTC/KRW pair is at $14,700 now
The Samsung Galaxy A5 (2017) Review
The evolution of the successful smartphone, now with a waterproof body and USB Type-C
February 7, 2017 /
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /
 
 

News Archive

 
 
SuMoTuWeThFrSa
     12
3456789
10111213141516
17181920212223
24252627282930
31      




Poll

Do you use microSD card with your phone?
or leave your own version in comments (4)