GSMArena.com - Latest articles: LG mobile division keeps bleeding money in Q3 2017

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LG mobile division keeps bleeding money in Q3 2017 Oct 26th 2017, 15:00 LG Electronics posted its Q3 2017 financial results and the trends from Q1 and Q2 2017 earning releases continue. The company keeps going strong, mainly thanks to the Home Appliance & Air Solution divisions, but the mobile communications branch is still unable to turn a profit. Тhe company posted revenue of KRW15.22 trillion ($13.44 billion), which is a 15% increase from Q3 2016. The operating income almost doubled to KRW516.1 billion ($455.7 million). Mobile Communications posted revenue of KRW2.81 trillion ($2.48 billion). This results in an 8% increase over Q3 2016 and 4%...

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