Lg in the 1st quarter of 2010: an increase in the incomes, but not due to the mobile subdivision Tweet

The South Korean company lg Of electronics announced its financial indices for the passed first block of 2010, which for it ended by an increase in the incomes. However, in the mobile subdivision was fixed reduction in the commodity turnover to 19,4% in the comparison with the analogous period of last year, which in the opinion company is connected with “dead season” and reduction in the prices of the cell phones.

The total number of cell phones, which placed the company on the markets, were 27,1 mln. units, whereas their sales fell 19,7% in the comparison with last year. The operating profit of mobile subdivision was reduced by 0,9% in the comparison with the analogous period of last year, where lg connects this fact due to an increase in the investments and expenditures for marketing.

Subsequently the company is intended to increase the volume of sales and the profitability of its production of mobile subdivision due to the conclusion for the market for the new models of [smartfonov] and expansion of the markets for sale.

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