LG Mobile decline continues in Q4 2017

January 25th, 2018   decode   Android 7.1

LG Electronics released its Q4 and full 2017 financial results. The company posted record full-year revenues of KRW61.4 trillion ($55.4 billion), almost 11% more than 2016. Profit also was impressive – KRW2.47 trillion ($2.24 billion) which is an 85% increase over the previous 12 months.

The Mobile Communications division still couldn’t turn a profit but narrowing the operating loss to KRW213.2 billion ($192.33 million) from KRW375.3 billion ($331.37 million) in the previous three-month period.

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