Android

LG Q1 2017 results out, sales soars 10% but Mobile Division just 4% up

After Samsung, LG Q1 results for 2017 is out. Briefing you out of the fiscal results, LG had a best quarter in the this decade with huge 10% increase in sales. The LG’s mobile division has figured out 4% of growth in sales if we compare as QoQ and 2% YoY.

The electronics maker is reporting KRW 14.66 trillion ($12.70BN) in revenue, an increase of 9.7 per cent from the same period last year. While its operating income (profit) nearly doubled, to KRW 921.5 billion ($798.3M).

IF we talk About Mobile Division, the division still lost KRW200 million or $176,000 between January and March. This is a good news that the loss has narrowed in this quarter and we can see some good news in the next quarter.

LG Home Entertainment Company recorded its highest first-quarter operating margin of 8.8 per cent on sales of KRW 4.33 trillion due to various reasons.

The actual profit of LG electronics has bumped to $811 million which is the biggest ever since the last 9 years.

We hope LG G6 will cater to Mobile Division’s profits.

Simranpal Singh

With a decade-long journey in the tech industry, I've been actively engaged in tech reporting across various reputable publications. He currently works as a Web Developer at RightNode Media and pursues his hobby of writing on GoAndroid. Enjoy travelling, and always excited about new tech trends. He actively contributes on GizmoChina and GChromecast Hub.

Share
Published by