LG Electronics posts record sales, profits up 10%
LG Electronics on Monday announced record full-year revenue of 61.3 trillion South Korean won (Bt1.1 trillion) for last year, exceeding sales of 60 trillion SKW for the second year in a row.
Full-year profit of 2.7 trillion SKW was nearly 10 per cent higher than the level achieved in 2017, reflecting record profitability from appliances and home-entertainment products, according to the South Korea-based company’s release.
Fourth-quarter revenues of 15.77 trillion SKW were higher than in the third quarter, but 7 per cent below the last quarter of 2017, primarily due to lower sales of mobile products.
As a result, fourth-quarter operating income declined to 75.7 billion SKW.
