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LG Electronics Reports August Sales
Sep 23, 2003
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LG Electronics Inc. reported sales of 1,554.1 billion won (U.S. $1.35 billion) for the month of August, up 25.7 percent from a year earlier, but down 4.0 percent from July.

All of the company's business divisions increased their sales last month on a year-on-year basis.

LG’s digital appliance sector increased sales by 16.0 percent year-on-year to 365.2 billion won, led by brisk exports of washers and vacuum cleaners, although sales were down 8.5 percent from July.

Sales by its digital display media division rose 26.2 percent year-on-year and 2.3 percent month-on-month to 554 billion won due to massive exports of digital TVs and plasma display panel (PDP) TVs.

The company's information and communications business sector expanded sales 34.1 percent to 620.3 billion won from a year earlier due to an increase in mobile handset sales. Even so, the sector's sales were down 3.7 percent from July.

During the first 8 months of this year, LG has increased its sales 13.8 percent from the same period last year to 13.02 trillion won. (Asia Pulse, Yonhap)

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