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Saturday, January 31, 2015, Magh 18, 1421, Robi-Us-Sani 9, 1436 Hijr

LG Electronics net profit soars 125pc
Published : Saturday, 31 January, 2015,  Time : 12:00 AM,  View Count : 47

SEOUL, Jan 30: South Korea's LG Electronics said Thursday its net profit last year soared 125 per cent, boosted by surging sales of its flagship smartphones and television sets.
Net income reached 501.3 billion won ($462 million) in 2014, compared with 222.7 billion won a year earlier. Operating profit, meanwhile, was up 46 per cent to 1.82 trillion won, with sales rising four per cent to 59 trillion won.
The country's second-largest home appliance and smartphone maker attributed its strong bottom line to upbeat sales of its TV sets and flagship G-series smartphones.
The annual profit surge came despite a 205.7 billion won net loss in the fourth quarter -- the result of writing off its plasma TV operations.
Fourth-quarter operating profit, however, soared 28 per cent year-on-year to 275.1 billion won, and sales rose 4.9 per cent to 15.3 trillion won.

Editor : Iqbal Sobhan Chowdhury
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