LG: Improved fiscal results

LG announced recently its fiscal results for Q4 2013 announcing significant revenue but also small profit. The company had $53.1 billion revenue for Q4 2013 with $203,65 million of net profit, increased when compared to last year’s results.


For the 4th quarter of 2013 LG had $14 billion revenue and $223,89 million in operational profit, with – %60,21 million in profit thanks to several unexpected expenses. The company had a 29% increase in mobile phone sales and 18% increase in revenue when compared to last quarter, thanks to LG G2 and LG Nexus 5, selling +54% devices when compared to last year (almost 13.2 million smartphones!).

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About NGP

NGP fell in love with technology the day he was born and his mommy dropped him by mistake. The only way to stay alive is to read, write and (occasionally) sing "droid"...
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