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LG anticipates its first quarterly operating loss in six years

LG G5 Android flagship with modular design
Despite the introduction of its innovative G5 modular flagship and a 12 percent increase in revenue compared to previous quarter, LG's preliminary earning results show a loss of almost $30 million.

Not long after hearing that LG G6 will no longer feature a modular design (the information has been confirmed by the company's president and chief technology officer Skott Ahn), we find that the South Korean giant had its first operating loss in the last six years.

According to the preliminary earnings results unveiled by LG in a press release at the end of last week, "Tentative consolidated revenues for the fourth quarter of 2016 is 14.78 trillion KRW and operating loss is 35.3 billion KRW. Revenues are expected to be 11.8 percent higher than the previous quarter." Converted to USD, this loss might not be that impressive, standing at roughly $30 million. However, the first quarterly loss in over five years does not sound too good, especially for the October-December period.

The figures above should be taken with a grain of salt for now, since the final earnings results, including net profits and details on the performance of each division, will be announced later this month. We will get back to this topic then, so stay tuned.


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> Expert Reviews and News on Laptops, Smartphones and Tech Innovations > News > News Archive > Newsarchive 2017 01 > LG anticipates its first quarterly operating loss in six years
Codrut Nistor, 2017-01- 9 (Update: 2017-01- 9)