LG reported for the second quarter of 2011
The South Korean company LG Electronics announced today its unaudited consolidated financial results for the second quarter of 2011 on standards of IFRS (IFRS - International Financial Reporting Standards).
In particular, the mobile division of the company (LG Mobile Communications Company) has reported a 11.6% increase in sales compared with the previous quarter, growth in operating profit and reduce losses twice that for the period amounted to 54 billion Korean Won ($ 54 million .) The company notes that it continues to strengthen its competitiveness in the global market through the issuance of new well-balanced line of smartphones.
In particular, the mobile division of the company (LG Mobile Communications Company) has reported a 11.6% increase in sales compared with the previous quarter, growth in operating profit and reduce losses twice that for the period amounted to 54 billion Korean Won ($ 54 million .) The company notes that it continues to strengthen its competitiveness in the global market through the issuance of new well-balanced line of smartphones.
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