As with the closing of 2017 almost all companies are announcing their financial results one by one. So yesterday, LG Electronics come up with its quarterly report. LG Witnesses 84% Increase in its Earnings in Q4 2017. This is a huge jump as compared to the Q4 2016 earnings of the company which were 35.2 billion ($33 million). Hence overall, LG reported a profit of 366.6 billion won ($343 million) in Q4 2017.
LG Witnesses 84% Increase in its Earnings in Q4 2017
Interestingly, despite the lower sales projection in Q4, LG has still made its second highest operating profit in 2017.
As its New year’s Resolution, LG is hopeful to increase take this profit to the next level. Analysts predict a 10% increase in the sales for LG’s mobile division due to the V30 & Q lineup.
Let’s see how better LG Electronics can make in the year ahead and how innovative products it will launch in 2018.