LG Electronics Inc.today 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.