LG 2013 net loss of USD 59 million in the fourth quarter

NetEase Technology News January 27, LG today announced the fourth quarter as of December 31, 2013, and the financial situation of the year. In the fourth quarter of last year, LG's total revenue of 14.03 billion U.S. dollars, operating profit of 223.89 million U.S. dollars, net loss of 59 million U.S. dollars. LG Mobile division revenue of 3.38 billion U.S. dollars, the chain growth of 18%. As of 2013, LG revenues rose to $53.1 billion, operating at $1.17 billion trillion and net profit of $203.67 million. Annual revenue from the handset business grew 29% to 11.85 billion dollars from last year. With a strong LTE device such as G2 and Nexus 5, LG sold 13.2 million handsets in four quarters, up 54% from last year, and three in the 12 million quarter. Seoul Eugene, an analyst at the Securities Investment agency in Yoon Hyuk Jin, said: "As the price of the panel falls, LG TV is doing well and its handset business will recover slowly." But as competition rages, marketing costs will rise, and the high-end handset market is now nearing saturation. ”