LG announced its financial results for the 4th quarter and 2012

South Korean company LG Electronics announced its financial results for the previous fourth quarter and full year 2012, where it is the improvement in the operating profit for all units.

Consolidated revenue for the year amounted to 50.96 trillion Korean Won (KRW) or ~ $ 45.22 billion in the same time its unaudited consolidated financial results for the fourth quarter showed a net loss of KRW 468 billion (428 960 000), which company connects with a fine Pricing CRT TVs, imposed by the European Commission in December.

A division of LG Mobile Communications announced the 7-percent rise in the supply of mobile terminals in comparison to the previous quarter, which amounted to 15.4 million units, with more than half of this amount is accounted for smartphones. In turn, sales of smart phones increased by 23%, reaching 8.6 million units in the fourth quarter, while in the previous quarter, the figure was 7 million

In LG noted that revenues for the fourth quarter were the record in 2012, showing a 15% increase compared to the third quarter, to $ 2,81 KRW trillion ($ 2.58 billion).