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LG financial results

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LG turns a $343 million profit for Q4 2017 in early reports

LG quietly let it be known today that they will emerge from the fourth quarter of 2017 with a $343.2 million profit and that they expect a yearly profit increase of 84.5% over 2016.

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LG's mobile unit loses $117 million in Q2 2017, blames it on poor LG G6 sales

LG has announced its second-quarter results for the 2017 and things don't look too good for the mobile division, yet again. While both the Home Appliance & Air Solution unit and the Home Entertainment unit have brought in profits ($412.5M and $303.8M, respectively), thanks to strong sales of fridges, washing machines, and OLED TVs, the Mobile Communications division continues to bleed billions of Korean won.

According to LG, the mobile unit had $2.39B in revenue, but the operating margin was again a loss of $117.27M. That's slightly less than last year's Q2 where the unit lost $132M largely due to the G5's mitigated reception.

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