LG third quarter financial statements released
October 22, LG also released their third quarter financial statements, the company this quarter in the past also received no small success, they achieved the best sales this year, the amount and profits.
LG sales in the quarter reached 11.2 billion U.S. dollars, compared to same period last year increased by 15.7%, operating profit was 685 million U.S. dollars, an increase of 1.3%. As usual, LG mobile phone division is one of the sectors within the best performers, and their sales reached 3.75 billion U.S. dollars, up by 21.9% last year, operating profit of 314 million U.S. dollars, an increase of 8.4%.
LG's third quarter financial statements
In general, only the net sales of mobile phones was 35.3 billion and net profit of 309 million U.S. dollars. LG mobile phone sales also reached 31.6 million units, up 37%, compared with the previous quarter sequential sales growth of 6%. These data into a powerful guarantee of the LG the world's third ranking, and their market share reached 11.2%.
In fact, LG's profit depends on their rise in the European market, as well as hot Cookie series of mobile phones. However, most mobile phones LG mobile phones are not targeting the high-end, so a lot of sales growth, but they are not directly proportional to the increase in profits.
In recent quarters, the performance of South Korean companies are always very eye-catching, they have won the world's second and third place, and the market share is still 1.1 points higher. In fact, their products do not have a very knowledgeable, but their products have always stuck to their style. I believe that our domestic manufacturers should also learn more,made their own characteristics.
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