LG Electronics announced its financial results for the 1 st quarter 2011
The South Korean company LG Electronics announced its financial results for the previous first quarter, which the company ended 31 March 2011.
According to the company, its divisions LG Mobile Communications Company, engaged in the production of mobile terminals, ended the quarter reduced earnings by 8,3% compared to same period last year to 2.9 trillion Korean Won ($ 2.6 billion).
Make notes that, despite the reduction in the supply of mobile terminals (in comparison with the previous quarter), which he associates with the seasonal decline in demand, an indicator such as operating income shown good results. Operating profit growth of mobile business unit connects to the expansion of its portfolio of smartphones and lower overhead costs. This year, the company will continue a course to expand the product range of smartphones and increase margins through further cost reductions.
According to the company, its divisions LG Mobile Communications Company, engaged in the production of mobile terminals, ended the quarter reduced earnings by 8,3% compared to same period last year to 2.9 trillion Korean Won ($ 2.6 billion).
Make notes that, despite the reduction in the supply of mobile terminals (in comparison with the previous quarter), which he associates with the seasonal decline in demand, an indicator such as operating income shown good results. Operating profit growth of mobile business unit connects to the expansion of its portfolio of smartphones and lower overhead costs. This year, the company will continue a course to expand the product range of smartphones and increase margins through further cost reductions.
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