Shenzhen Enrich Electronics Co.,Ltd

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Company News >> LCD TV and Touch Phone Hot Sale LG Electronics' First Quarter Profit Rate 3.5% 17th,March,2018
                                            LG Electronics announced its first quarter 2009 financial report on April 21. According to the financial report, LG Electronics' global sales in the first quarter was US$9.12 billion, up 14.6% from the same period last year, operating profit was US$324 million, and profit margin reached 3.5%. One of the strong sales of LCD TVs, shipments grew by 40%.
         According to the earnings report of LG Electronics, LG Electronics' earnings in the first quarter of this year have performed well, driven by the sales of LCD TVs and mobile phones, far exceeding market expectations. Global sales, including overseas subsidiaries, reached 12.85 trillion won (approximately US$9.12 billion), an increase of 14.6% over the same period last year. The operating profit reached 456 billion won (approximately 324 million U.S. dollars) and the profit rate reached 3.5%.
         In terms of business divisions, sales of LG Electronics' home entertainment division reached 4.3 trillion won (approximately US$3.05 billion), a growth of 18.6%, and a profit of 14 billion won (approximately US$10 million). Among them, sales of LCD TVs were strong. Shipments still grew by 40% from the same period last year to 350,000 units.
         As for the Electronic Operations Division, sales revenue for the first quarter reached 4.25 trillion won (approximately US$3.02 billion), an increase of 16.8% over the same period of last year, and operating profit was 255 billion won (approximately US$181 million). 6.0%. Among them, mobile phone sales reached 3.92 trillion won (about 2.78 billion U.S. dollars), a 22.6% increase over the same period last year, and the profit rate also reached 6.7%.
         LG Electronics said that the sales growth of the electronic mobile division was mainly driven by the popularity of touch-enabled mobile phones and QWERTY full-keyboard mobile phones, but shipments of mobile phones fell by 7% in the first quarter from the same period of last year due to the impact of the slack season and the global market shrinking. It is 22.6 million units. In addition, LG Electronics also predicts that the economy will not improve in the short term, so sales in the second quarter will still fall by more than 10% from the same period last year.

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