ID :
42166
Thu, 01/22/2009 - 18:57
Auther :
Shortlink :
https://www.oananews.org//node/42166
The shortlink copeid
LG Electronics swings to loss in Q4 on weaker demand
SEOUL, Jan. 22 (Yonhap) -- LG Electronics Inc., South Korea's No. 2 electronics
company, said Thursday it swung to a loss in the fourth quarter of 2008 due to
slower sales of flat screens and mobile phones.
Net losses amounted to 671 billion won (US$489 million) in the October-December
period, compared with a 621 billion won profit a year earlier, the company said
in a regulatory filing.
Sales increased 12.2 percent to 6.59 trillion won, but its operating balance
switched to a 309 billion won loss from a 154 billion won profit a year earlier,
it said.
ygkim@yna.co.kr
(END)
company, said Thursday it swung to a loss in the fourth quarter of 2008 due to
slower sales of flat screens and mobile phones.
Net losses amounted to 671 billion won (US$489 million) in the October-December
period, compared with a 621 billion won profit a year earlier, the company said
in a regulatory filing.
Sales increased 12.2 percent to 6.59 trillion won, but its operating balance
switched to a 309 billion won loss from a 154 billion won profit a year earlier,
it said.
ygkim@yna.co.kr
(END)
