Monday, May 2, 2011

LG Shrinks its Losses As Handset Sales Decline Electronics.

­LG Electronics has reported that its first-quarter revenues dipped very measure by 0.4% to KRW 13.2 trillion (US$11.7 billion). After two consecutive quarters of losses, operating rake it in turned the corner with KRW 131 billion (US$116 million).



LG recorded a KRW 16 billion (US$14 million) end harm this accommodate mainly due to a KRW 56 billion wastage (US$50 million) on investments in combined companies. LG's non-stationary phone disunion first-quarter revenues decreased by 8.3 percent year-over-year to KRW 2.9 trillion (US$2.6 billion).






While overall handset shipments declined quarter-over-quarter as a end of leaden seasonality, operating advance showed significant increase in the senior thirteen weeks due to an expansion in smartphones in the company's portfolio and reduction in high up costs. The band expects to ameliorate its good put together by launching brand-new smartphones including the LG Optimus Black and the LG Optimus 3D and forward movement profitability by further invidious costs. 2011 2Q Business Direction and Prospects LG Electronics expects to assist uninterrupted intumescence in the advance humanity of 2011 with the shy of the squiffed occasion for appearance conditioners, continued momentum in retirement community appliances, and aggressive global sales of LG CINEMA 3D TVs and Optimus smartphones.

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