The reticulum disappointment was 635.9 billion won ($568 million) in the end year, compared with further of 1.15 trillion won in 2009, Seoul- based LG said in a regulatory filing today. It’s the company’s biggest annual reduction since a reorganization of LG in 2002.
LG didn’t fix up fourth-quarter figures and will discharge consolidated income results at about 1 p.m. Earnings at LG’s mobile-phone section and TV portion were damped by amount declines, according to the company. The advance of profits will depend on smartphone sales after the handset module accounted for most of LG’s erosion throughout the year, said analysts including Kim Ji San. Handset losses "could cramped sharply" once LG releases premium-level smartphones, Kim, a Seoul-based analyst at Kiwoom Securities Co., said before the company’s announcement. The operating shrinkage was 1.1 trillion won ($983.7 million), compared with improve of 1.4 trillion won in 2009, while sales dropped 4.2 percent to 29.2 trillion won.
LG agreed to make dividend of 200 won for each low-grade dividend and 250 won per preferred stock, it said. To communication the newspaperman on this story: Jun Yang in Seoul at To phone the writer front-office for this story: Young-Sam Cho at.
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