LG Reports $13.6 Billion In Q2 Revenue, Sells 12.1 Million Smartphones

Posted on Jul 24 2013 - 12:05pm by Editorial Staff

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LG today announced its second quarter earnings of KRW15.23 trillion (about $13.6 billion) in revenue, an up 10.1 percent on year-over-year basis. The company during the quarter has shipped a record-breaking 12.1 million smartphones and has recorded revenue of KRW3.12 trillion ($2.78 billion), up 34.5 percent from the same period a year ago.

The company operating profit for the quarter was of KRW479 billion ($426.9 million) and net profit of KRW156 billion ($139.04 million). The company’s mobile business operating profit saw a rise to KRW61 billion ($54.37 million) on year-on-year basis.

The company added that it is expecting that its shipment from its L-Series II and F-Series will help it drive the sales growth while G Pro and G2 will help in increasing product competitiveness.

Photo Credit: Flickr/John Karakatsanis

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