LG” reveal its financial results for the fourth quarter of 2013




Announced the “LG” LG announced its financial results for the fourth quarter of 2013, results showed superiority of the company’s analysts’ expectations after it was able to double its earnings in the fourth quarter of last year, taking advantage of the promotional campaign strong raised from the sales of TVs produced by company.

The company, which is the second largest manufacturer of television sets in the world after the “Samsung”, said its operating profit amounted to 220 million dollars, in the period from the beginning of October / October to the end of December / December two years.

She added, “LG” that its operating profit from the Gaza TVs and reached more than 117 million dollars, compared with $ 80 million had been achieved in 2012.

With regard to the mobile sector, analysts believe that the slow recovery in the mobile market the company will also continue to impact on profit growth, but “LG” which is classified third in terms of the number of shipments after the “Samsung” and “Apple”, turned during the period years to an operating loss estimated at more than $ 39 million compared with a profit estimated at about 51 million dollars last year, and is attributed to the fact that the company has focused its spending in the last period on the marketing of new products from smart phones.

The loss in the mobile sector growth comes despite the company’s shipments of these devices, with a record 13.2 million over the charging unit, which is more than 54% compared to last year.

Finally, the company said, “LG”, which plans next month to detect phone tablet “LG Pro” G Pro, it aims to achieve sales of 57.22 billion dollars, to achieve a growth rate of 7% compared to the year 2012.
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