LG Q1 2017 financial results hint at 82.4% increase in operating profit


It seems that the first 3 months of 2017 have been good for LG Electronics and this has become evident after having seen the preliminary earnings results for the first quarter of 2017.

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According to these results, the Korean company expects to make 14.7 trillion Korean won with an operating profit of 921.5 billion korean won. The first results insist that their revenues will be 9.7% higher and operating profit 82.4% higher than the same period last year, resulting in its second-best in quarterly profits ever! Unfortunately this doeasn’t mean that the Mobile division of the Korean company is out of the woods yet; it just means that their predicted losses will be… reduced, after seven straight quarters of loss since the second quarter of 2015.

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In case you missed it, the LG G6 flagship model went on sale in Korea last month and today it has been launched in the US and Canada. The Korean company announced yesterday that the device will also roll out in Asia, Europe, Central and South Americas, CIS, Middle East, Africa and more regions over the course of the next several weeks through about 200 carriers and operators worldwide.

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