LG Electronics in 2017 achieves best profit since 2009
LG Electronics Inc (LG) has announced record full-year revenues for 2017 of US$55.4 billion (nearly Bt1.74 trillion), an increase of 10.9 per cent from the previous year, the highest in the company’s history.
Full-year 2017 profits of $2.23 billion -– the highest profit since 2009 – increased 85 per cent from 2016 due in large part to strong performance by premium home appliances and TVs.
Fourth-quarter 2017 revenues grew 15 per cent versus 2016 to $15.3 billion, generating strong operating profits of $330.9 million, the company reported on Monday.
