LG mobile division keeps bleeding money in Q3 2017

October 26th, 2017   decode   news

LG Electronics posted its Q3 2017 financial results and the trends from Q1 and Q2 2017 earning releases continue. The company keeps going strong, mainly thanks to the Home Appliance & Air Solution divisions, but the mobile communications branch is still unable to turn a profit.

Тhe company posted revenue of KRW15.22 trillion ($13.44 billion), which is a 15% increase from Q3 2016. The operating income almost doubled to KRW516.1 billion ($455.7 million).

Mobile Communications posted revenue of KRW2.81 trillion ($2.48 billion). This results in an 8% increase over Q3 2016 and 4%…

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