LG Announces improved Q4, Full Year 2013 Financial Results

LG has announced its Q4 13 results. The overall revenues for the last quarter were at $14.03 billion,but ended the year on a net loss of $60.21 million.

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For the entire year 2013, LG managed to make $53.1 billion in net revenue, with the net profit at $203.65 million, which is much better than what it could manage in 2012.
For Q4, LG’s Home Entertainment division saw strong revenues of $5.58 billion, mainly due to strong demand of HDTVs and OLED TVs in North America. The mobile division also brought in $3.38 billion for the company. With flagships such as LG G2 and the Nexus 5, LG managed to ship 13.2 million smartphones last quarter, a growth of 54 percent over last year.
The company would be announcing new smartphones at MWC, including a new flagship dubbed LG G Pro 2, which would be the successor to the last year’s Optimus G Pro.
Source:gsmarena

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