LG Posts Biggest Ever Revenue in 2017 Thanks to TV Sales, Mobile Division Posts Loss

LG Electronics, South Korea's tech behemoth, posted its greatest ever income in history in 2017 due for the most part to solid TV deals, the organization said on Thursday.

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.