LG Electronics back in Black

Apr 25 2012, 1:52am CDT | by , in News | Technology News

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LG Electronics back in Black

LG Electronics announced that after two consecutive quarters of net losses, the company has turned the corner with a net profit of KRW 243 billion (USD 214.9 million).

LG has finally turned a profit again last quarter. LG reached a profit of close to $220 million in Q1 2012.

The LG Mobile Communications company profit has more than tripled quarter-over-quarter. The LG Home Entertainment products showed weaker sales compared to a year ago. A 6% decline is mostly attributed to the weak European economy. Operating profit still doubled through strong sales in Korea.

Via LG.

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