22 Jul 09 LG Reports a Record Second Quarter
LG Electronics has done quite well this past quarter. The company had in fact a record second quarter with sales going up 13.8% compared to last year to $11.229 billion while operating profit came in at $878 million. LG’s margin increased to 7.8% compared to 1.1% last year while the mobile division’s margin went up to 11% from 6.7.
Let’s take a look at its Mobile Communications business! LG totaled a $7.981 billion in sales which is 25.8% more than in Q2 2008 while operating profit came in at $422 million. LG’s Home Appliances division came to $1.812 billion in sales while LG’s Home Entertainment business sold 4.28 million TVs which amounts to $3.492 billion in sales and a profit of $174.
With all this big numbers in LG’s Q2 report we can’t help but wonder how the third quarter is going to look like.
via LG
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