LG doubles its profits thanks to the sale of TV p ...

LG doubles its profits thanks to the sale of TV p …

January 27, 2014

LG doubles its profits thanks to the sale of TV

One of lime and another of sand for LG. The firm has just released the results at the end of the last quarter of 2013 (between the months of October and December), and has announced operating profits that reach 220 million dollars (about 160.7 million euros), but from this data it stands out that it has been the division dedicated to the manufacture of televisions that has doubled the profits of the firm in this period.

But this party goes through neighborhoods since the firm’s mobile division continues to suffer from an excess of marketing expenses, which has caused it to show losses in this quarter that reach 40 million dollars (about 29 million euros) . This division records the sales of both smartphones and tablets.

via LG doubles its profits thanks to the sale of TV, but continues to lose money on mobile phones.

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