LG has announced its financial results for the third quarter of 2013

The South Korean company LG Electronics announced it has received in the third quarter of this year, consolidated revenue of $ 13.89 trillion South Korean won ($ 12.51 billion). Despite the increased competition in the TV market and adverse fluctuations in foreign exchange rates, which affect the performance of total revenues compared to the same period last year, sales of mobile devices grew by 24% and operating profit increased by 27% reaching 217.8 billion South Korean Won ($ 196.34 million). The company says that in the third quarter of 2013, it has shipped 12 million smartphones.