LG Electronics has announced their earnings for Q1 2014, in which it has reported net profit of 92.60 billion Won (US$ 86.62 million) with operating profits of 504 billion Won (US$ 471.47 million). Mobile communications sector earned revenues of 3.41 trillion Korean Won (US$ 3.1 billion), a 6% increase YoY, but sales decreased by 5% QoQ. Operating profit increased due to the launch of G Pro 2 in the domestic market and more efficient marketing spending, LG said.
Continue reading “LG reports Q1 2014 earnings, ships 12.3 million smartphones, confirms G3 launch for Q2”