Tuesday 23 October 2012

$138.57 million net profit for LG Q3, keeps the positive trend going

SEOUL, Oct. 24, 2012 ?- LG Electronics (LG) today reported a solid third-quarter performance with the third consecutive quarter of positive net income and all four companies recording strong operating profits. Better-than-expected performance in the mobileand home appliance businesses helped offset a slight decline in overall year-over-year sales for the third quarter.
Third-quarter net profit ofKRW 157 billion (USD 138.57 million) with operating profit recording KRW 221 billion (USD 195.06 million) showed significant improvements from the loss in the same period