LG Electronics' Operating Profit Surpasses W1 Trillion

LG Electronics has posted an operating profit of more than W1 trillion for the second year running (US$1=W1,083).

LG said on Monday it posted sales of W58.14 trillion and operating profit of W1.28 trillion, up five and six percent on-year.

The TV, mobile phone, home appliance and air conditioner divisions performed well.

The mobile phone business posted losses in both the third and fourth quarters of 2013 due to increased marketing expenses but gained overall with operating profit up 20 percent to W70.9 billion.

LG sold 47.6 million smartphones last year, up 82 percent compared to 2012.

englishnews@chosun.com / Jan. 28, 2014 12:55 KST