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

 
Is this an error or it is really happening?
 
 
The proposed topic and architecture was originally presented to the JPEG Committee in 2016
 
 
The rest of the specs as seen on Geekbench include 8GB of RAM
 
Samsung is likely to be made official in February at next year's Mobile World Congress in Barcelona
 
Lumia 950 XL shown running Windows 10 on ARM
 
The company has studied such an option in the past
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
  12345
6789101112
13141516171819
20212223242526
2728293031  




Poll

Do you use microSD card with your phone?
or leave your own version in comments (10)