ID :
102872
Wed, 01/27/2010 - 13:40
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https://www.oananews.org//node/102872
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LG Electronics Q4 operating profit up more than 4-fold on strong demand
By Lee Youkyung
SEOUL, Jan. 27 (Yonhap) -- LG Electronics Inc., the world's second-largest TV maker, said Wednesday that its consolidated operating profit in the fourth quarter of last year rose sharply thanks to strong demand for its products.
Operating profit came in at 446.7 billion won (US$382 million) in the three
months to December, up more than four-fold from 101 billion won a year earlier,
the company said in a release.
Sales reached 14.3 trillion won, up 6.8 percent over the cited period. The
figures were consolidated, meaning they included the financial results of the
company's overseas units.
LG, which announced its 2009 earnings on a parent basis Tuesday, logged 297.2
billion won in fourth-quarter net income. The company did not provide its
consolidated net profit.
ylee@yna.co.kr
(END)
SEOUL, Jan. 27 (Yonhap) -- LG Electronics Inc., the world's second-largest TV maker, said Wednesday that its consolidated operating profit in the fourth quarter of last year rose sharply thanks to strong demand for its products.
Operating profit came in at 446.7 billion won (US$382 million) in the three
months to December, up more than four-fold from 101 billion won a year earlier,
the company said in a release.
Sales reached 14.3 trillion won, up 6.8 percent over the cited period. The
figures were consolidated, meaning they included the financial results of the
company's overseas units.
LG, which announced its 2009 earnings on a parent basis Tuesday, logged 297.2
billion won in fourth-quarter net income. The company did not provide its
consolidated net profit.
ylee@yna.co.kr
(END)
