LG Elec., Premium Focused Strategy Results in Highest Profitability 2016 1Q

Source : LG Elec.

Source : LG Elec.

 

Hyunjoo Kang / Reporter / jjoo@olednet.com

LG Electronics Inc. (LG) today announced first-quarter 2016 operating profit of KRW 505.2 billion (USD 420.25 million), a 65.5 percent increase from the same period in 2015 on sales of KRW 13.36 trillion (USD 11.12 billion).

The LG Home Appliance & Air Solution Company contributed the largest amount, KRW 407.8 billion (USD 339.23 million) in operating income for the quarter, while the LG Home Entertainment Company earned KRW 335.2 billion (USD 278.84 million) in operating profit, both up significantly from the first quarter of 2015. The LG Mobile Communications Company posted an operating loss of KRW 202.2 billion (USD 168.20 million) primarily due to increased marketing expenditures for the new LG G5 flagship smartphone, while the LG Vehicle Components Company reported a modest loss of KRW 15.8 billion (USD 13.14 million) reflecting higher R&D investments.

LG’s overall global sales and profitability are expected to improve in the second quarter, with double-digit growth in revenues and higher profitability anticipated as LG continues its premium-focused strategy with LG SIGNATURE products, the LG G5 smartphone and 4K Ultra HD OLED TVs.

LG Home Appliance & Air Solution Company recorded sales of KRW 4.22 trillion (USD 3.51 billion) in the first quarter, an increase of 4 percent year-on-year due in large part to higher premium product sales and growth in its B2B operations. Operating profit and operating margin of 9.7 percent were the highest in the history of LG home appliances. Revenues in the Korean domestic market increased 11 percent from the same period the previous year thanks to strong performance of TWIN Wash washing machines, premium refrigerators and commercial air conditioners. Weaker demand caused by the drop in oil prices and unfavorable currency exchange movements negatively affected sales in markets such as the Middle East, South America and CIS, while revenues in North America and Europe remained strong.

LG Mobile Communications Company reported sales of KRW 2.96 trillion (USD 2.46 billion), a decline of 15.5 percent from the first quarter last year. Shipments of 13.5 million smartphones were 12 percent lower both year-on-year and quarter-on-quarter, mainly as a result of the business entering the slow season as well as declining shipments of existing flagship models due to high interest in the recently announced LG G5. Competition in the smartphone market will continue to increase, leading to further price erosion which LG plans to counter with a strong global push for the modular LG G5 smartphone and new mass-tier models such as its X series.

LG Home Entertainment Company reported revenues of KRW 4.33 trillion (USD 3.6 billion), down 2.3 percent from last year’s first quarter as TV shipments declined somewhat in the key markets of North America and Europe. A solid operating margin of 7.7 percent was accompanied by a 207 percent increase quarter-on-quarter in operating income, demonstrating strong evidence of the growing demand for premium OLED and 4K OLED TV products. Improved cost structure and cost competitiveness is expected to drive improved profitability in the next quarter.

LG Vehicle Components Company sales of KRW 592.9 billion (USD 493.2 million) represent a 55 percent year-on-year increase, on the back of LG’s growing automotive infotainment business, although profitability was negatively affected by increased R&D investments. The outlook for LG’s automotive business is positive, with higher expected demand for electric vehicle components and as LG expands its global reach and secures new customers.

73 replies
  1. Edmund
    Edmund says:

    There’s a three month trial period emanuel’s elixirs
    “I didn’t leave ‘Community to rap,” Glover continued. “I don’t wanna rap. I wanted to be on my own. I’ve been sick this year. I’ve seen a bunch of people die this year. This is the first time I’ve felt helpless. But I’m not on that.”

  2. Collin
    Collin says:

    How many more years do you have to go? tana pharmacy Veghte takes over immediately as head of the division, and will not be replaced as chief operating officer. Veghte joined HP in 2010 after a 20-year career at Microsoft Corp, which culminated in his heading the business side of the Windows unit. He also worked on developing and marketing Microsoft’s server software.

  3. Leslie
    Leslie says:

    I work with computers cytotec labor induction side effects But here is what we know: The Jets don’t have a quarterback who has thrown 12 interceptions, the Jets aren’t giving up more points than anybody in the league, more than 30 every week. The Jets aren’t making the kinds of mistakes that Tom Coughlin’s Giants are making, don’t look as old as the Giants, or as beat up. Or as dreary.

  4. Felix
    Felix says:

    Remove card buy prevacid 30 mg “Because of these concerns, we suggest that the OECD oughtto consider alternatives to country-by-country reporting,” wroteWilliam Sample, chairman of the tax committee at USCIB, whosemembers include Microsoft and Exxon Mobil Corp.

  5. Jayden
    Jayden says:

    I went to cymbalta 180mg While keeping the door shut for big stimulus, the government has unveiled polices to boost spending in social housing, urban infrastructure, high-speed rail and energy-saving industries, and tax breaks for small firms.

  6. Deandre
    Deandre says:

    What’s the interest rate on this account? medicover.ro Twenty-six worshippers at the mosque were hospitalized with gunshot wounds, said a security guard at the emergency ward of Maiduguri Teaching Hospital. He and the state security agent both spoke on condition of anonymity because they were not allowed to give information to reporters.

  7. Lyman
    Lyman says:

    this post is fantastic prilosec otc dosage strengths “Many pilots now get used to automation, and they are given little opportunity for manual flying,” he said. “Nowadays, a pilot is required to have management skills rather than flying skills because of automation – it is more important to know the system and understand how to manage it.

  8. Keneth
    Keneth says:

    I like it a lot male extra pills President Barack Obama’s economic stimulus package in 2009suspended the work requirement nationwide to help the growingnumber of unemployed during the recession. Even as the economyand job picture have improved, the waiver has remained in moststates.

  9. Antony
    Antony says:

    How much will it cost to send this letter to ? where to buy rogaine foam at local stores In contrast, Rev. Herman Henderson, a pastor at theBeliever’s Temple Church in Birmingham, said Scrushy went backon an agreement to pay him and other African-American pastors toshow support at his 2005 trial. Scrushy has denied everauthorizing such payments.

  10. Lincoln
    Lincoln says:

    How many weeks’ holiday a year are there? penegra buy online “Fans are what make our business go,” Rodgers said. “We’re fortunate here in Wisconsin to have some of the best sports fans, from Packer fans, Brewer fans, Bucks fans, fans that stick behind their team — win or lose.”

  11. Norbert
    Norbert says:

    I’m originally from Dublin but now live in Edinburgh can oxcarbazepine cause acne India’s defence ministry said a large amount of seawater had entered the Russian-built INS Sindhurakshak and was creating problems for the divers. Their access was also being hampered by damage caused by the explosions.

  12. Serenity
    Serenity says:

    Could I ask who’s calling? testorush rx cost But that is neither here nor there. When James Rosen, the White House correspondent of Fox News, was being threatened by the Obama administration’s Department of Justice, he was defended in the most robust and uncompromising terms by none other than the New York Times (which has now entered an agreement with the Guardian to share the Snowden data).

  13. Shane
    Shane says:

    How many days will it take for the cheque to clear? doxepin 4 tropfen In the dressing room before kick-off, Gorski told his players: “Win against a weak team and there is no joy. You can play for 20 years and in 1,000 games and nobody will remember you. But tonight, in one game, against a team like England and at a place like this, you have the chance to put your names in the history books.”

  14. Carey
    Carey says:

    Thanks funny site inspection ready healthcare “(Averaging double-digit assists is) something I should be doing. It should be easy with the guys we have,” Williams said. “We have a lot of shooters. Last year we just ran a lot of isolations, so (assists) were hard really to come by.

  15. Korey
    Korey says:

    What do you study? amed clinic pantip meso An activist from Azaz who identified himself as Mohamed al-Azizi said fighting flared up again in the border area on Thursday when Northern Storm members moved to retake a checkpoint from ISIL fighters about 2 km from the frontier.

  16. Darrick
    Darrick says:

    We went to university together how to get a prescription for zovirax “If you’re going to trade CDS, you’ve got to be fullyaware,” Peter Tchir, founder of New York-based hedge-fundadviser TF Market Advisors, said in a telephone interview. “Theonly losers are the guys who seemed to play the CDS marketincorrectly or didn’t see this as a potential outcome.”

  17. Lightsoul
    Lightsoul says:

    Your account’s overdrawn micardis plus 80 12.5 mg fiyat “We’re pleased that this settlement will provide some compensation to thousands of victims of the tobacco industry’s conduct, but the fight with the remaining cigarette companies is far from over,” said a lawyer for the plaintiffs, Neal Roth of Grossman Roth.

  18. Kaitlyn
    Kaitlyn says:

    This is your employment contract drug pfizer vgr 50 pill identification Canada declined on Tuesday to endorse emerging-market criticism of the Fed. A senior Canadian official briefing reporters before the Moscow talks welcomed increased U.S. private-sector activity and said Canada would back policies that were in line with managing the economy where it is in the cycle.

  19. Andres
    Andres says:

    A staff restaurant silofast 8 mg tablet In addition to the method’s screening success, Torres and her team demonstrated how the technique could be utilized as an early intervention therapy for autistic infants and children.  The ultimate goal of the treatment: getting the children to perform certain tasks through self-motivation, rather than being told what to do. This facilitates an autistic child’s ability to learn socially acceptable behaviors on their own.

  20. Buford
    Buford says:

    How many would you like? generic cialis headache
    If Hamilton continues to be a force, the Reds can’t help but include him on their playoff roster. It wouldn’t be a Herb Washington situation if only because Hamilton knows his way around the field and batter’s box. He hit .256 in Triple-A, which is 256 points higher than Washington ever hit in pro ball.

  21. Bella
    Bella says:

    Do you know what extension he’s on? irbesartan 150 mg preisvergleich
    NEW YORK, Oct 11 (Reuters) – U.S. stocks rose on Friday,extending gains from a major rally in the previous session, asinvestors were hopeful for a solution to end the partial U.S.government shutdown and raise the U.S. borrowing limit to avoida possible default.

  22. Weldon
    Weldon says:

    Please call back later beardilizer ad song After about a decade of living the quiet life of a would-be cattle rancher, his past closed in on him one day in 2011 as he was negotiating a purchase of hay near his 12-acre ranch. Massachusetts authorities had caught up with him, more than 16 years after he disappeared.

  23. Jarvis
    Jarvis says:

    Could I borrow your phone, please? irbesartan generico prezzo I like it when people distinguish their level of fluency. We look at a lot of résumés that are globally oriented, so it’s not unusual to see something like “native tongue German,” “business fluent English,” “working knowledge Spanish, French.” And I appreciate the honesty because if somebody says “working knowledge,” I’m not thinking that I’m going to throw them into a business situation where we’re expecting them to speak fluent French – just as I know French, but I would not be comfortable to do business exclusively in French. So I wouldn’t hide it. I just would be careful to give the proper guidance of your capability. If you know a few words, like I can count to three in Finnish – yksi, kaksi, kolme – and that is the total extent of my knowledge of Finnish, I wouldn’t put that on a résumé.

  24. Erasmo
    Erasmo says:

    Insert your card academmed.su The White House placed blame on Republicans on Wednesday for forcing Obama to cancel the Malaysia and Philippines legs of his trip and said that Obama’s participation in the Bali and Darussalam meetings are under review.

  25. Infest
    Infest says:

    Not in at the moment paxtonpharmaceuticals.com I called the center for refugees and asylum with the little information I had about the family, and waited for a response. If they go to any of the centers, I will surely find them, I thought. The response I got was that no one had evidence of them. However, they didn’t have a firm answer from one of the centers, in Bogovadja, because their computer was broken.

  26. Freeman
    Freeman says:

    I’ll put him on cena leka spiriva While at college, students pick a major, a primary subject of study. One of the most common questions on any college campus is “What’s your major?” But around that subject, students can often select courses from other departments – or schools – on the campus.

  27. Wilber
    Wilber says:

    Could I take your name and number, please? hard af pills review The company said the number of its advertisers rose by 3.5percent to 18,916, while average revenue per advertiser grew 14percent to 593 pounds per month. The company also raised itsinterim dividend by 22 percent to 11 pence per share.

  28. Fredrick
    Fredrick says:

    How many are there in a book? hair loss with synthroid BEIRUT (AP) — Islamic State fighters captured a major military air base in northeastern Syria on Sunday, eliminating the last government-held outpost in a province otherwise dominated by the jihadi group, activists and state media said.

  29. Buford
    Buford says:

    i’m fine good work metoprolol carvedilol diabetes As well as educating the women of China, Li is also hoping to dispel myths and shame surrounding sex. For Hu, the 30-year-old lawyer, Li’s approach seems to have worked. Hu said: “When I have sex, I will be more relaxed. I won’t be as afraid.”

  30. Evelyn
    Evelyn says:

    Good crew it’s cool 🙂 http //rx-canada-365.org review
    Former Novartis Japan unit employees worked on five Diovantrials initiated by doctors and didn’t list their affiliationsto the Swiss drugmaker in the studies. The omission was improperand could have eroded trust in scientific processes, the head ofthe company’s Japanese unit said. A report commissioned byNovartis found no evidence that the ex-workers manipulatedscientific data, the Basel, Switzerland-based drugmaker said ina briefing held in Tokyo today.

  31. Nicky
    Nicky says:

    A few months best deer antler spray bodybuilding The FTSEurofirst 300, which has risen some 5 percent sincethe start of 2013, hit a five-year high in late May of 1,258.09points. It dropped to a 2013 low of 1,111.11 points in late Juneon expectations the U.S. Federal Reserve would scale backstimulus measures but has since recovered as central banks havesought to reassure their support will continue.

  32. Fidel
    Fidel says:

    What company are you calling from? nexium 40 mg injectabil The foundation called the release of the documents a “victory” for transparency as intelligence officials said the papers illustrated how the spy service had made unintentional “mistakes” that were rectified under strict judicial oversight.

  33. Lester
    Lester says:

    Some First Class stamps cheap doxycycline The Jets (2-1) gave up 168 yards on a team-record 20 penalties, giving the Bills (1-2) chances to stay in the game late. It was also another week of concern about a defensive back as Wilson followed rookie Dee Milliner as the second member of the defensive backfield to be benched in back-to-back games. For his punishment, Wilson, a former first-round pick, sat out a series. He stood on the sideline without a helmet and was replaced by cornerback Darrin Walls. Wilson returned the next time out.

  34. Simon
    Simon says:

    Would you like a receipt? http://xxxnx.fun/pornner/ youthlust xfantasy Twelve-year old Dylan Laas got his Robohand in March. His mother, Jacqui, said her son, who does not have a right hand because of Amniotic Band Syndrome, is approaching activities with new interest thanks to the gadget.

  35. Jenna
    Jenna says:

    We’re at university together pille yasmin rezept The White House has also been thrown off-message bycontroversies over phone and internet surveillance, and over theInternal Revenue Service’s targeting of conservatives groupsseeking tax-exempt status.

  36. Jason
    Jason says:

    I’d like to pay this cheque in, please axiolabs cyx3 reviews “When you consider the legendary players involved and the legendary musicians who performed, it was just such an amazing and historic day for the Latino culture that we’ll probably never see again,” says Ralph Paniagua, a Latin music promoter and founder of LatinoBaseball.com.

  37. Martin
    Martin says:

    How much will it cost to send this letter to ? orlistat walmart mexico Clancy grew up in Baltimore and in 1969 graduated from Loyola University in Maryland. He worked as an insurance broker before selling his first novel. He was also a part owner of the Baltimore Orioles baseball team.

  38. Carson
    Carson says:

    I’m doing an internship cytotec side effects when used for abortion A: When we got to Mukul the cuisine wasn’t clear. Mr. Pellas (Carlos Pellas, the owner) wanted some of his mother’s Nicaraguan dishes brought into the cuisine. So I’ve done dishes that are Nicaraguan with a combination of Mediterranean flavors. That’s what we call ‘Cocina Nikul’.

  39. Jaime
    Jaime says:

    What do you do for a living? side effects of zencore Democrats have been seeking a six-week extension of fundingfor all government programs at current levels to give them timeto work out a deal with Republicans that would run throughSeptember 2014, the end of the current fiscal year.

  40. Emerson
    Emerson says:

    Could you transfer $1000 from my current account to my deposit account? buying zithromax for chlamydia Clark, 85, who was attorney general under President Lyndon Johnson, has represented or advised a number of controversial figures, including former Libyan leader Muammar Gaddafi and former Iraqi ruler Saddam Hussein.

  41. Jeremy
    Jeremy says:

    How much does the job pay? neoral 50 mg prix
    Oxford, which traces its history to the 11th century and boasts Britain’s Prime Minister David Cameron and former U.S. President Bill Clinton among its alumni, spent more than it took in, though its investments performed better.

  42. Denis
    Denis says:

    Looking for a job 20 mg accutane per day “They’re so much lighter than the M-16,” he says with relief.  It’s also far bigger and way more lethal than his multitool.  I hope he never has to use it.  If he has to use it, I hope it works.

  43. Spencer
    Spencer says:

    I’ve got a very weak signal yourpillsupplier.com
    The U.S. Environmental Protection Agency’s long-awaited guidelines would make it near impossible to build coal plants without using technology to capture carbon emissions that foes say is unproven and uneconomic.

  44. Bryce
    Bryce says:

    What university do you go to? best drugstore foundation redness “I am utterly astounded,” Sara Rosenbaum, professor of health law and policy at George Washington University, told the New York Times. “It boggles the mind. This step could significantly reduce the number of uninsured people who would gain coverage in 2014.”

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published.