LG Q3 report: profits increase as smartphones lose less money

October 25th, 2018   decode   news

LG kept its tradition to introduce its financial results on the last Thursday of the month, following the end of a quarter, and the numbers look good.

The Korean company made a profit KRW748.8 billion ($668 million), which is the best quarter in 2018. The black sheep in the family is the Mobile Communications division which keeps bleeding money and is the department that had the most significant operating loss – KRW146.3 billion ($130.5 million), after recording sales of KRW2.04 trillion ($1.82 billion).

LG recognized its mistake this time last year and changed its Mobile…

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