LG announces 2nd quarter results

Karachi :  LG Electronics (LG) Wednesday reported solid positive net income in the second-quarter as a result of improved performance in a majority of its business units. LG s mobile phone business shipped 12.1 million smartphones between April and June, the highest ever in the company s history.

Revenues in the 2013 second quarter rose 10.1 percent year-over-year to KRW 15.23 trillion (USD 13.58 billion), reflecting strong sales increases in most of LG s business units. Second-quarter operating profit of KRW 479 billion (USD 426.92 million) and net profit of KRW 156 billion (USD 139.04 million), while down slightly from the same period last year, improved significantly from the previous quarter.

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