LG Electronics posts a 4th quarter net loss
January 23rd, 2009 Leave a comment Visited 22 times, 1 so far today
LG Electronics posts a 4th quarter net loss
South Korean tech giant LG Electronics has also posted a 4th quarter net loss.
The company suffered from slowing down sales of TVs. LG also had to pay a hefty price-fixing fine put on their LG Display division.
LG has posted a loss of 671.3 billion won in the quarter that ended in December last year.
This is a disappointing result compared to profit of 621.3 billion won in the same period in the previous year.
LG however said that their mobile shipments are increasing. The company sold a record 100.7 million units last year.
LG, LG Display, LG Electronics, mobile devices, Revenues, South Korea
Somanshu
Category: Revenue Reports
|
TechWhack on Facebook
|
This website uses IntenseDebate comments, but they are not currently loaded because either your browser doesn't support JavaScript, or they didn't load fast enough.