LG improved Q4
January 27, 2014
LG Electronics has announced consolidated revenues of KRW 58.14 trillion ($53.10 billion) and net profit of KRW 222.70 billion for full-year 2013, marking an improvement over 2012 results. Operating profits for the Korean-based manufacturerer increased modestly in 2013 to KRW 1.28 trillion from KRW 1.22 trillion in full-year 2012.
The LG Home Entertainment Company reported an 18 per cent revenue increase quarter-on-quarter to KRW 5.93 trillion and full-year operating profit of KRW 404.80 billion. Despite higher demand for LCD TVs in North America, Asia and CIS countries, full-year revenue declined by 5 percent from the previous year. Operating profit margins increased each quarter in 2013 due to a stronger product mix that included more high-end models such as OLED TVs and Ultra HD TVs, which are expected to see strengthening demand in 2014.