LG reported a net profit against the background of problems Samsung and Apple
LG Electronics announced preliminary financial results for the fourth quarter of 2018. Revenue amounted to $ 15.8 trillion won (14.1 billion dollars), the profit of 75.3 billion won (67.3 million U.S. dollars). Thus, the year ended for the LG on a positive note: the annual sales revenue reached 61,3 trillion won, while profit increased by 9.5% and has reached 2.7 trillion won. Such figures were announced in the official press release of the company. Reports of profit growth look of pleasant surprise on the background of negative reports Apple and Samsung, but everything is so rosy at the lesser of the Korean giants?
There seems to be no. LG has reported an increase for the year, but fourth quarter, the company performed a lot worse than a year ago. Last year the company for the last three months helped to 16.9 trillion won, and the profit amounted to 366.8 billion won. Thus, the results of the fourth quarter of LG revenue fell by 6.5% and earnings by an impressive 79.5% of the. Perhaps this is due to some restructuring processes in a LG and not a deterioration of operating performance, but that we know only from detailed reporting, which will be released towards the end of the month.