LG Reports Q3 2013 Earnings, Shipped 12 Million Smartphones In The Quarter

Posted on Oct 24 2013 - 6:37pm by Editorial Staff

LG

LG today reported its third quarter 2013 consolidated revenue of $12.51 billion (KRW 13.89 trillion) while the operating profit for the quarter was $196.34 million (KRW 217.80 billion), an increase of 27 percent as compared to same period last year. The company’s Home Entertainment division reported revenues of $4.50 billion (KRW 5.01 trillion) while the operating profit was $111.68 million (KRW 124.40 billion).

The company’s Mobile Communications division reported an increase in revenue by 24 percent to $2.75 billion (KRW 3.05 trillion). The company shipped about 12 million smartphone in the quarter but thanks to increase competition and higher marketing investments, the profitability and average selling price both get affected.

The LG Home Appliance division reported revenues of $2.68 billion (KRW 2.97 trillion) while operating profit decreased from the same period last year to $98.17 million (KRW 109.20 billion). The LG Air Conditioning and Energy Solutions division reported revenues of $876.32 million (KRW 973 billion).

Photo Credit: Flickr/John Karakatsanis

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