LG Posts Biggest Ever Revenue in 2017 Thanks to TV Sales, Mobile Division Posts Loss
Income achieved a record high of KRW 61.4 trillion ($57.9 billion or generally Rs. 3.68 lakh crores) in 2017, topping KRW 60 trillion without precedent for the organization's 60-year history, Xinhua news office revealed.
The working benefit was 2.47 trillion won ($2.33 billion or generally Rs. 14,800 crores) a year ago, denoting the second-greatest in its history.
The income expanded 10.9 percent contrasted and the earlier year, with the working benefit bouncing 84.5 percent.
Amid the October-December quarter, LG's income achieved KRW 16.96 trillion ($15.99 billion or generally Rs. 1.01 lakh crores), up by 14.8 percent contrasted and a similar period in the earlier year.
Working benefit transformed into the dark with KRW 366.8 billion ($346 million) in the final quarter from a deficiency of KRW 35.2 billion ($33 million) a year sooner.
Amid the December quarter, LG's TV unit posted KRW 5.48 trillion ($5.17 billion) of income. It was up 14.2 for every penny from a year prior. The unit's working benefit surged 133.8 percent to KRW 383.5 billion ($362 million) in the quarter.
The portable correspondences division, which makes cell phones, posted a working loss of KRW 213.2 billion ($201 million) in the final quarter on high showcasing costs and higher part costs.
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