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' Net Profit Slides in Q1
Apr 18, 2003
 Printable format
 Email this Article
 Search
LG Electronics, a major home appliance and handset maker, said its net profit declined in the first quarter due to deteriorating profitability of mobile phones-despite the upbeat sales increase of its next-generation display unit offset the downward pressure. The company posted 199.4 billion won in net profit on revenue of 5.17 trillion won in the first 3 months of this year. The first-quarter net profit figure was down 11.55 percent from 219.8 billion won a year earlier, while its revenue jumped 17.2 percent compared with 4.41 trillion won in the year-earlier period. The company's first-quarter revenue breaks down to 3.94 trillion won in export and 1.23 trillion won in the domestic sales. Operating profit reached 417.2 billion won and current profit stood at 205.8 billion won. By operation, LG's display and media division posted 1.7 trillion won in revenue for the first quarter, up 7.3 percent from the year-earlier period. In particular, digital TV sets such as PDP (plasma display panel), LCD (liquid crystal display) and projection models witnessed surging sales, which were up 44 percent year-on-year. The digital appliance division, which produces refrigerators, washing machines and air-conditioners, posted 1.64 trillion won in its first-quarter revenue, up 11.1 percent from a year earlier. The mobile phone division posted 1.1 trillion won in revenue, up 14 percent from the year earlier. (Korea Herald)

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