South Korea-based appliance maker LG Electronics reported that its sales in October jumped 38.7 percent from last year to 1.91 trillion won (U.S. $1.6 billion) due to increased shipments of display equipment and mobile phones.
The October sales were a 9.7-percent rise from the previous month, the company said.
Revenues from display equipment such as digital TVs, flat panels, and plasma display panels rose 6 per cent from September, backed by rising demand to replace bulky, old-style TV screens and computer monitors.
Sales of mobile phones also increased by 12.2 percent from last month to 3.03 million units, the biggest-ever monthly shipment.
In the first 10 months of this year, LG Electronics' aggregated sales stood at 16.6 trillion won, up 16.6 percent from last year. (Yonhap, Asia Pulse)
to Daily News