LG Electronics Back In Black

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


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LG Electronics back in Black

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.

Via LG.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Manfred "Luigi" Lugmayr () is the founding Chief Editor of I4U News and brings over 25 years experience in the technology field to the ever evolving and exciting world of gadgets, tech and online shopping. He started I4U News back in 2000 and evolved it into vibrant technology news and tech and toy shopping hub.
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