LG Electronics reports climbing sales with first quarter data

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FILED - A visitor holds an LG G Flex 2 smartphone at the consumer electronics show CES 2015. The South Korean electronics manufacturer LG is closing its loss-making mobile phone business. Photo: Britta Pedersen / dpa
FILED - A visitor holds an LG G Flex 2 smartphone at the consumer electronics show CES 2015. The South Korean electronics manufacturer LG is closing its loss-making mobile phone business. Photo: Britta Pedersen / dpa

(dpa-AFX) – South Korea’s LG Electronics Inc (LGEPF.OB, LGEJY.OB, LGEIY.OB, LGEAF.OB) reported on Wednesday that its first quarter consolidated operating income increased 39.2 per cent, to 1.52 trillion Korean won (1.36 billion dollars), from last year’s 1.09 trillion won.

Operating income surged 133.4 per cent from 650.2 billion won recorded in the preceding fourth quarter.

In the first quarter, consolidated sales amounted to 18.81 trillion won, up 27.7 per cent from last year’s 14.73 trillion won. Sales edged up 0.1 per cent from preceding fourth quarter’s 18.78 trillion won.

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