Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

LG Electronics Q4 Profit Plunges 85 Percent
Jan 25, 2007
 Printable format
 Email this Article
 Search

According to Bloomberg, LG Electronics Inc. reported fourth-quarter profit tumbled 85 percent as mounting competition forced the company to cut prices of mobile phones and TV screens.

Net income fell to 48.2 billion won (approx. U.S. $51.4 million), from 312.2 billion won (approx. $333.1 million) a year earlier, Seoul-based LG said in a statement. Sales fell 11 percent to 5.52 trillion won (approx. $5.9 billion), Bloomberg reported.

The results cap a second year of profit declines for LG Electronics, whose shares in 2006 had their first annual drop in four years. Incoming Chief Executive Officer Nam Yong faces increased competition this year from Motorola Inc. and Samsung Electronics Co., which also posted lower profits this month.

 

Back to Daily News

 

Daily News

...........................................................

Aug 29, 2014: Adaptive Frequency Drive Increases Trane Chiller Efficiency

Aug 29, 2014: Vitamix President Receives Entrepreneur of the Year Award

Aug 28, 2014: LG Heat Pump Clothes Dryer Earns Emerging Technology Award

Aug 28, 2014: Early Snowthrower Demand Boosts Toro Sales

Aug 27, 2014: Sustainability Standard Launched for Household Portable and Floor Care Appliances

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows