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LGE’s Home Appliance Business Profits Offset Losses in Mobile Phones and Displays
February 02, 2020
LG Electronics' home appliance business contributed 122 billion won in operating profit for Q419, while its TV business secured 110 billion won, its lowest quarterly performance of 2019. Its mobile business, lost 332 billion won for the quarter, despite restructuring efforts that reduced losses in the previous quarter. The company reported a net loss of 850 billion won for the quarter, due to equity accounted losses from LG Display which is reflected in the fiscal report. LG Electronics holds a 38% stake in the LG Display.
February 02, 2020
LG Electronics' home appliance business contributed 122 billion won in operating profit for Q419, while its TV business secured 110 billion won, its lowest quarterly performance of 2019. Its mobile business, lost 332 billion won for the quarter, despite restructuring efforts that reduced losses in the previous quarter. The company reported a net loss of 850 billion won for the quarter, due to equity accounted losses from LG Display which is reflected in the fiscal report. LG Electronics holds a 38% stake in the LG Display.
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