DocMemory
 
Home
News
Products
Shop
Memory
Corporate
Contact
 

News
Industry News
Publications
CST News
Help/Support
Member Area
Tester Brochure
Demo Library
Software
Tester FAQs

biology medicine news product technology definition

Saturday, February 24, 2018
Memory Industry News
Email ArticlePrinter Format PreviousNext

LG likely to post a $29.6 million lost


Monday, January 09, 2017

LG Electronics is likely to post an operating loss in the fourth quarter of last year with its smartphone business making an over 400 billion won (US$340 million) loss.

In a regulatory filing, LG said its operating loss for the fourth quarter of last year is estimated at 35.3 billion won (US$29.6 million), even though the fourth-quarter sales are estimated at 14.7 trillion won (US$12.4 billion), up 1.5 percent from a year ago. LG Electronics’ recorded an operating profit of 348.9 billion won for the same quarter in 2015.

The company’s operating profit last year reached 1.34 trillion won (US$1.13 billion), 12.2 percent up from the previous year while its sales revenue recorded 55.37 trillion won (US$47.0 billion), a two percent decrease from a year earlier.

The home entertainment (HE) business unit running TV sales and the H&A business unit operating other home appliances are likely to show the operating profit of some 200 billion won (US$170 million), respectively, while MC business unit would record profit loss of around 400 billion won. (US$340 million).

“The profit loss of the mobile communication (MC) business unit is expected to become bigger while the profits of home entertainment business unit and H&A business unit are likely to decrease due to the price rise of LCD panels and sales promotion expenses in the end of the year,” said Gho Jung-woo, an analyst at NH Securities. He, however, forecast that the performances of vehicle component (VC) business unit would continue to improve due to expansion of parts supply to GM’s electric vehicle Volt models. 

By: DocMemory
Copyright © 2017 CST, Inc. All Rights Reserved

Email ArticlePrinter Format PreviousNext
Latest Industry News
Intel to collaborate with Chinese mobile chip maker2/23/2018
Qualcomm adopts 7nm Samsung process on Snapdragon 5G chipsets2/23/2018
Irish chipmaker received funding to expand ultra-wideband wireless technology 2/23/2018
Broadcom lower bid to offset Qualcomm's increased NXP offer2/23/2018
Micron announce plans for quadruple-level cell (QLC) flash memory2/22/2018
Intel plans to invest $5 billion in expanding production in Israel2/22/2018
Apple moves to deal direct with colbalt miners2/22/2018
Apple regains lead on both smartphone revenue and units sold2/22/2018
Samsung offers 30TB SSD2/21/2018
NXP to launch GreenBox development platform. for EV and plugged in cars2/21/2018

CST Inc. Memory Tester DDR Tester
Copyright © 1994 - 2018 CST, Inc. All Rights Reserved