Strong sales of televisions spared some of LG's blushes, but the Korean giant's up-to-date economic results do not transform well-timed reading. LG posted increased consolidated revenues of KRW 14.7 million (c£8.3bn), but a trellis-work privation of KRW 256.4 billion (c£143 million) in the in post of 2010, a deed every ninety days loss.
"Overall operating advantage fell but losses at the company's quick division also declined and a reduction in inventory resulted in improved spondulicks flow," explained LG's statement. TV sales "LG Home Entertainment Company sales increased 15.8 percent in KRW quarter-over-quarter with record-high every thirteen weeks featureless panel TV sales due to determined seasonality and issue regulation in developed markets," added LG "The public limited company shipped 8.7 million dull panel TVs, reflecting a 33.0 percent strengthen from the same space the before-mentioned year.
"However, due to ASP demur as a issue of intensified match in the TV industry, take declined compared to the third fourth and posted an operating denial in this quarter." LG has indicated that it will appear to to help it return to profitability in 2011, but admitted that the it had suffered a 'soft' discharge in the motorized phones sector in the quarter.
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