LG-successful. Now it’s obvious
When it comes to Android smartphones, everyone remembers the products offered by Samsung and Huawei, comparing them with Apple devices. These same companies have also appeared to dominate the markets of other computer devices. But now, against the background of CES 2019, it became absolutely clear — LG remains one of the leaders of the high-tech industry, strengthened last year. This is shown by the figures that always reflect any trend in the most accurate way and, unlike emotions and impressions, do not leave any doubt.
LG today announced a preliminary assessment of its financial results for the fourth quarter of 2018. The results of the past year as a whole were also mentioned. Colleagues from GSMArena, referring to LG, note that the company managed to achieve in the final quarter of last year the consolidated revenue of 15.8 trillion South Korean won (equivalent — about 14 billion us dollars).
The annual rate of 2018 was even more pleasant for LG. In twelve months, the company’s revenue reached 61.3 trillion South Korean won (us $ 54.4 billion in approximate equivalent). The mark of 60 trillion won this figure exceeded the second year in a row.
In 2018, LG’s operating profit increased by almost 10%
LG’s operating profit in the recently ended year was 2.7 trillion won, equivalent to somewhere around 2.4 billion US dollars. The growth of this important indicator of one of the leading technology companies amounted to 9.5%.
Mobile devices offered by LG are not very popular, but it has something to offer consumers. The company’s TVs are great. At CES 2019, the company announced that it will soon begin selling its roll-up TV, shown by LG a year ago.
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