LG2016 4분기 실적... 6년만에 적자전환

LG Electronics had a tough fourth quarter last year.
While sales increased from the year before, the company has run up a deficit -- largely due to its mobile division.
Oh Soo-young has the numbers.
LG Electronics' quarterly earnings are in the red for the first time in six years.
The Korean electronics giant posted an operating loss of 35 billion won, or roughly 30 million U.S. dollars in the October to December period.
This compares to the company's profit of 298 million dollars for the same period in 2015.
Sales came to 12-point-6 billion dollars,... up one-point-five percent from the year before...
and beating a market consensus of around 12-point-2 billion dollars.
However, the profit line was largely dragged downward by losses in the struggling mobile division, which posted a loss of 399 million dollars.
The mobile division has been in the red for six quarters in a row.


"Despite the release of the V20, there wasn't a flagship model to make up for the lost sales volume after sales of the G5 flopped at the end of the second quarter. So revenue fell into the billion-dollar range, and that brought the division into the red."

Even the home appliance and home entertainment divisions, the main drivers of profit for the company, couldn't contain the blow.
Sales grew 5-point-6 percent and one-point-one percent respectively compared to the year before, but a rise in prices of LCD displays along with marketing costs and seasonal markdowns pulled down the margin.
Still, analysts say better prospects are in the cards for this year, as the company shapes up its premium range of household appliances and entertainment products for the global market.


"More than anything, we expect the vehicle components division to do well. LG is supplying GM Chevrolet's Bolt model with OEM components. In the second half of the year, we think revenue will increase significantly and that profit will recover faster than expected."


"The upcoming release of its new flagship G6 smartphone presents the company with another opportunity to turn its second quarter earnings around,... especially because the device will be launched before Samsung releases its Galaxy S8. LG could see its profits rise even further following a series of planned structural changes and other cost reductions in the mobile division.
Oh Soo-young, Arirang News."

Visit ‘Arirang News’ Official Pages
Facebook(NEWS): [ Ссылка ]

Homepage: [ Ссылка ]
Facebook: [ Ссылка ]
Twitter: [ Ссылка ]
Instagram: [ Ссылка ]

свернуть