SEOUL: South Korea's LG Electronics Inc said it swung to an operating loss of 35bil won (RM133.4mil) in the fourth quarter, in line with its guidance earlier this month.
LG's first quarterly operating loss in six years is partly due to weaker earnings in its mobile business, analysts said. Revenue for the October to December period rose 1.5% from a year earlier to 14.8tril won (RM56bil) .— Reuters
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!