[ gsmarena.com ] LG Q2 2017 financial report: home tech bring money, phones struggle

[ mukeshbalani.com ] “You heard it here first…if you haven’t already heard it elsewhere”…

LG Q2 2017 financial report: home tech bring money, phones struggle

LG Electronics published the financial results for the second quarter of this year. The revenue went up 4% year over year to $12.89 billion while the operating income was 13.6% higher, $0.59 billion.

Most of that was made by the Home Appliance division – it brought in $0.41 billion of operating income on a revenue of $4.65 billion. That’s a 12% increase in sales, much better than the other three main divisions of LG Electronics.

LG Mobile posted an operating loss of $0.12 billion on a revenue of $2.39 billion, about the same numbers as a year ago. Lower than expected sales of LG…

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