\tPreliminary figures from LG Electronics indicated the vendor’s operating profit rose sharply in Q4 2019, but fell over the full year due to continued problems at its mobile business.<\/p>\n
The South Korean vendor recorded a 30.3 per cent year-on-year rise in operating profit during the final three months to KRW98.6 billion ($85.1 million), while consolidated revenue rose 1.8 per cent to KRW16.1 trillion.<\/p>\n
For the full-year, operating profit declined 10 per cent to KRW2.4 trillion, with revenue up 1.6 per cent to a record KRW62.3 trillion. The company said annual sales surpassed KRW60 trillion for the third consecutive year.<\/p>\n
Analysts attributed the profit forecast to continued weakness in LG Electronic’s mobile division, which was expected to offset strong growth in its home appliance business, Yonhap News Agency reported.<\/p>\n
LG will release final earnings including figures for each division later this month.<\/p>\n","protected":false},"excerpt":{"rendered":"
Preliminary figures from LG Electronics indicated the vendor’s operating profit rose sharply in Q4 2019, …<\/p>\n
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