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.

Working For Notebookcheck

Are you a techie who knows how to write? Then join our Team! Especially English native speakers welcome!

Currently wanted: 
News and Editorial Editor - Details here


static version load dynamic
Loading Comments
Comment on this article
Please share our article, every link counts!
> Notebook / Laptop Reviews and News > 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)
Codrut Nistor
Codrut Nistor - News Editor
Although I have been writing about new software and hardware for almost a decade, I consider myself to be old school. I always enjoy listening to music on CD or tape instead of digital files and I will not even get into the touchscreen vs physical keys debate. However, I also enjoy new technology, as I now have the chance to take a look at the future every day. I joined the Notebookcheck crew back in 2013 and I have no plans to leave the ship anytime soon.