Operating profit of KRW 89 billion (USD 78.55 million) was unchanged from third quarter 2011.
ENGADGET: LG records a 'solid' $138.57 million net profit for Q3, keeps the positive trend going
This compares favorably to the consolidated operating profit of KRW 280 billion for all of 2011.
ENGADGET: LG's Q1 2012 earnings show greater profits on strong TV, phone sales
First-quarter revenues were essentially flat, declining 1.2 percent year-over-year to KRW 1.2 trillion (USD 1.1 billion).
ENGADGET: LG's Q1 2012 earnings show greater profits on strong TV, phone sales
Average rate of the twelve-month period in 2012 was KRW 1, 127 per USD.
With 117 operations around the world, LG achieved global sales of USD 49 billion (KRW 54.26 trillion) in 2011.
ENGADGET: LG's 55-inch OLED television starting at $12K, shipping in March
Fourth quarter revenues were the highest of the year, growing 15 percent to KRW 2.81 trillion (USD 2.58 billion) quarter-on-quarter.
For 2012, LG Electronics is targeting a revenue goal of KRW 53.5 trillion with plans to spend KRW 2.5 trillion in capital expenditures.
Fourth quarter 2012 consolidated revenues were KRW 13.50 trillion (USD 12.37 billion) with an operating profit of KRW 107 billion (USD 98.08 million).
For full-year 2012, the company recorded revenues of KRW 4.35 trillion (USD 3.86 billion) and operating profit of KRW 156 billion (USD 138.42 million).
An operating loss of KRW 11 billion (USD 10.08 million) in the quarter showed improvement from the same period last year due to operational efficiencies.
Third-quarter revenues fell 4 percent year-over-year to KRW 12.38 trillion (USD 10.93 billion) due to the continuing decline of feature phone sales and overall weak demand.
ENGADGET: LG records a 'solid' $138.57 million net profit for Q3, keeps the positive trend going
Revenues increased by 5 percent quarter-to-quarter to KRW 2.45 trillion (USD 2.16 billion) as shipments exceeded 14 million units, an increase of 9 percent from the previous quarter.
ENGADGET: LG records a 'solid' $138.57 million net profit for Q3, keeps the positive trend going
Sales, while strong at KRW 5.3 trillion (USD 4.7 billion), declined by 6.8 percent compared with the first-quarter of 2011, largely due to the a sluggish European economy.
ENGADGET: LG's Q1 2012 earnings show greater profits on strong TV, phone sales
Despite a 6 percent revenue decrease from 2011, operating profits increased significantly in 2012 to KRW 1.14 trillion (USD 1.01 billion) from KRW 379 billion (USD 342.06 million) in full-year 2011.
Third-quarter net profit of KRW 157 billion (USD 138.57 million) with operating profit recording KRW 221 billion (USD 195.06 million) showed significant improvements from the loss in the same period last year.
ENGADGET: LG records a 'solid' $138.57 million net profit for Q3, keeps the positive trend going
The upstart or young pretender KRW (South Korean won) is currently weak against the USD on event risk, but the market anticipates the currency to trade back to pre-crisis strength against the JPY.
Revenue increased 6.4 percent year-over-year to KRW 2.87 trillion (USD 2.53 billion) and operating profit of KRW 129 billion (USD 113.86 million) reflected strong sales in the United States as well as emerging markets.
ENGADGET: LG records a 'solid' $138.57 million net profit for Q3, keeps the positive trend going
Amounts in Korean Won (KRW) are translated into U.S. Dollars (USD) at the average rate of the three-month period in each corresponding quarter: KRW 1, 133 per USD (2012 3Q) and KRW 1, 082 per USD (2011 3Q).
ENGADGET: LG records a 'solid' $138.57 million net profit for Q3, keeps the positive trend going
Amounts in Korean won (KRW) are converted into U.S. dollars (USD) at the average rate of the three month period in each corresponding quarter: KRW 1, 091 per USD (2012 4Q) and KRW 1, 146 per USD (2011 4Q).
Unaudited consolidated financial results, based on IFRS (International Financial Reporting Standards) for the quarter ending March 31, 2012, showed consolidated revenues of KRW 12.2 trillion (USD 10.8 billion) with an operating profit of KRW 448 billion (USD 396.1 million).
ENGADGET: LG's Q1 2012 earnings show greater profits on strong TV, phone sales
Unaudited consolidated financial results for the fourth quarter ending Dec. 31, 2012 showed a net loss of KRW 468 billion (USD 428.96 million) which reflects a fine related to alleged cathode-ray tube pricing issues imposed by the European Commission in December.
Overall revenues declined 14 percent year-over-year from KRW 2.9 trillion to KRW 2.5 trillion (USD 2.2 billion) as a result of declining feature phone sales but smartphone revenue increased due to the popularity of Optimus LTE and Optimus Vu: in the home market.
ENGADGET: LG's Q1 2012 earnings show greater profits on strong TV, phone sales
The LG Home Entertainment Company reported record sales of flat-panel TVs with 9.3 million units in the fourth quarter resulting in a 17.4 percent revenue increase quarter-on-quarter to KRW 6.44 trillion (USD 5.91 billion) and full-year operating profit of KRW 542 billion (USD 480.92 million).
The LG Home Appliance Company posted almost flat revenues year-on-year, with sales of KRW 2.94 trillion (USD 2.7 billion) in the fourth quarter as strong sales in the U.S. and CIS countries were largely offset by sluggish demand in Europe, the Middle East and Latin America.
SEOUL, Apr. 25, 2012 -- LG Electronics Inc. (LG) 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), a direct result of the company's efforts to innovate in all key business units and focus on high performing products.
ENGADGET: LG's Q1 2012 earnings show greater profits on strong TV, phone sales
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