LG posts record sales, but mobile division keeps bleeding money - Latest News Today, Breaking News, National News, World News, News Hindi, Tech News, Bollywood

Latest News Today, Breaking News, National News, World News, News Hindi, Tech News, Bollywood

Latest News Today On Politics And Current Affairs In India And Around The World, Sports, Health And Fitness, Entertainment News.

Breaking

Home Top Ad

Responsive Ads Here

Post Top Ad

Responsive Ads Here

Thursday, January 30, 2020

LG posts record sales, but mobile division keeps bleeding money

LG published a report on its financial performance in 2019, boasting a record-breaking sales of $53 billion. The company recorded operating profits of $2.07 billion, 10% down from 2018, which LG explains with the additional investments it made in marketing and developing future tech. Most of the money came from the LG Home Appliance & Air Solution Company. It brought it a third of the revenue ($18.29 billion) and most of the operating profit ($1.7 billion). This division set company-wide records for both the revenue and profit it delivered this year. The financials for the fourth...



from GSMArena.com - Latest articles https://ift.tt/38N6yK0

No comments:

Post a Comment

Post Bottom Ad

Responsive Ads Here

Pages