LG Electronics revenues up 4pc

KARACHI: LG Electronics Inc (LG) on Friday announced second-quarter 2017 revenues of KRW14.55 trillion (USD 12.89 billion), an increase of nearly four percent from the same period last year, led by the home appliance unit, which reported a 12 percent sales increase from the 2016 second quarter, a statement said.]

Three of the company’s four main business units reported higher revenues than a year ago. Quarterly operating income of KRW664.1 billion (USD 588.2 million) was 13.6 percent higher in 2017, despite a challenging quarter for the mobile business, it added.  The LG Home Appliance and Air Solution Company accounted for the largest share of the second quarter’s revenue and operating income, KRW5.25 trillion (USD 4.65 billion) and KRW465.7 billion (USD 412.5 million), respectively, it added.