InfoAnda - LG reports handset profit after six-quarter losing |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

China claims success in curbing racy entertainment | | 4 January 2012
Afghanistan says to deal with security firms | | 8 August 2010
Violence delays mine clearing in Afghanistan | 29 June 2009

Amazon blows by estimates, sees strong first quarter | 30 January 2010

Forum Views () Forum Replies ()

Read more with google mobile : LG reports handset profit after six-quarter losing |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Davos 2012 Technology Media Small Business Legal Deals Earnings Summits Business Video The Freeland File Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Issues 2012 Candidates 2012 Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh Lucy P. Marcus David Cay Johnston Bethany McLean Edward Hadas Hugo Dixon Ian Bremmer Mohamed El-Erian Lawrence Summers Susan Glasser The Great Debate Steven Brill Geraldine Fabrikant Jack & Suzy Welch Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (0) VIDEO The future of Facebook and Zuckerberg Reuters West Coast bureau chief Jonathan Weber says the difference between Facebook and tech IPOs of the 1990s is that Facebook already has substantial revenue and profit. He believes interest in the IPO will be high. Video Samsung loses ground in patent spat Obama's small business strategy via Google+ New nano-coating keeps cellphones dry Follow Reuters Facebook Twitter RSS YouTube Read Lana Del Rey on 'SNL' Fiasco: 'I Actually Felt Good About It' 31 Jan 2012 Birth control pills recalled, may not prevent pregnancy 31 Jan 2012 With Florida victory, Romney is the man to beat | 2:02am EST U.S. military says Taliban set to retake power: report 31 Jan 2012 Facebook to file $5 billion IPO Wednesday: IFR | 31 Jan 2012 Discussed 141 U.S. outrage as Egypt bars Americans from leaving 77 U.S. raid frees two pirate hostages in Somalia 67 Gingrich, Romney play for cheers in Florida debate Watched Iran sends toy drone to Obama Sun, Jan 29 2012 Newt Gingrich vows to fight on Tue, Jan 31 2012 Boy's foetus twin shock Tue, Jan 31 2012 LG reports handset profit after six-quarter losing Tweet Share this Email Print Related News Philips swings to loss as Europe's economy falters Mon, Jan 30 2012 Smartphones drive record Samsung profit Fri, Jan 27 2012 Samsung posts record quarterly profit powered by smartphones Thu, Jan 26 2012 Nokia profits dive as new phones slow to take off Thu, Jan 26 2012 Apple returns to form, blows Street targets away Tue, Jan 24 2012 Analysis & Opinion Apple juggernaut regains warp speed with new pilot TV 2012: A tale of two sets Related Topics Tech » Hot Stocks » Asian Markets » Media » South Korea » Showgoers walk past a display at the LG Electronics booth during the 2012 International Consumer Electronics Show (CES) in Las Vegas, Nevada, January 12, 2012. CES, the world's largest consumer technology tradeshow, runs through January 13. Credit: Reuters/Steve Marcus SEOUL | Wed Feb 1, 2012 12:20am EST SEOUL (Reuters) - South Korea's LG Electronics Inc, the world's No.2 TV maker, swung to a profit in the fourth quarter as its latest smartphone model helped its ailing handset unit post a small profit after six consecutive quarterly losses. LG reported on Wednesday an October-December operating profit of 23 billion won ($20.5 million), versus a consensus forecast of 64 billion won profit by Thomson Reuters I/B/E/S. That compared with a loss of 246 billion won a year ago and a 32 billion won loss in the preceding quarter. LG's handset business posted 9.9 billion won in operating profit, marking a sharp improvement from a 262 billion won loss a year ago and a 140 billion won loss in the third quarter. "It's quite encouraging that LG's handset business has finally turned around," said Greg Noh, an analyst at HMC Securities. "The profit figure is very small, but earnings will improve going forward as its massive restructuring is finally having some bottom-line impact and its Optimus LTE model is selling well. However, it'll be hard to imagine a stellar turnaround." The turnaround was helped by solid sales of its Optimus LTE model, which runs on Google's Android platform and is LG's most popular smartphone with 1 million sold since its October debut. The firm said handset shipments dropped to 17.7 million in the fourth quarter from 21.1 million in the preceding quarter, as it reduced less profitable feature phones. Its weak results underscore the growing dominance of Apple and Samsung Electronics Co, which has roiled traditional handset stalwarts such as Nokia, Motorola Mobility and HTC Corp. Apple and Samsung together control nearly half of the global smartphone market, according to industry data. LG trails Nokia and Samsung in handsets and competes with Samsung, Sony Corp and Panasonic Corp in flat-screen TVs. LG's mobile business has been its biggest capital sinkhole, losing nearly $1 billion since the second quarter of 2010 and the company announced a near $1 billion cash call late last year, mainly to prop up its floundering handset division. LG said it aimed to raise 2012 sales by 6 percent to 57.6 trillion won. Shares in LG rose 2 percent after the result versus a 0.3 percent decline in the broader market. LG shares have gained 13 percent over the past three months, beating a 2 percent rise in the wider market. TVS BACK IN PROFIT Its TV business returned to a profit of 150 billion won, helped by strong sales during the year-end holiday period in the crucial U.S. market. TV makers are grappling with weak consumer demand and cut-throat competition and hope that premium products with slimmer designs, powerful chipsets and crisp displays will revive growth this year after a flat 2011. Sony warned in November of a fourth consecutive year of net losses for the financial year to end-March, with its TV unit alone set to lose $2.2 billion on falling demand and a surging yen. LG, one of few profitable TV makers, plans to raise TV sales by up to 17 percent to 35 million this year and is betting on premium models such as 3D sets and Internet-enabled TVs boost profitability. LG's TV division posted a 2.4 percent profit margin. ($1 = 1123.3500 Korean won) (Reporting by Miyoung Kim; Editing by Matt Driskill and Jonathan Hopfner) Tech Hot Stocks Asian Markets Media South Korea Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Advertise With Us Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Wednesday, 1 February 2012
Cargo ship sinks off Turkey, 8 crew missing |
CIA chief says appears Saudi oil ramping up |
Yemen minister eludes assassination attempt |
British minister to visit Falklands to mark war anniversary |
Britain strips ex-RBS boss Goodwin of his knighthood |
Analysis: Patent plaintiffs target Facebook as IPO approaches |
Google defends change to privacy policies |
Andreessen Horowitz raises $1.5 billion fund |
Sharp to halve LCD panel output at Osaka |
Kodak employee sues company directors over stock |
It's Ex-Factor for Abdul, Scherzinger, Jones |
Adele's live comeback at February 12 Grammy Awards |
Jessica Alba goes toxin-free with The Honest Company |
UK film banned for blasphemy gets rating 23 years on |
Biggest Loser host, dog Winky battle pet obesity |
Barter system part of appeal for Brussels art show |
U.N. Council urged to act fast on Syria, Assad forces push back |
Taliban poised to retake Afghanistan after NATO pullout |
Heavy fighting in Pakistan tribal areas kills dozens |
IMF's Thomsen says Greece must step up reform |
Israel's Netanyahu wins new party mandate |
Insight: At Suu Kyi's rallies, signs of a new Myanmar |
Brazil's Rousseff meets with Fidel Castro in Cuba |
Analysis: Malaysia's opposition plots unlikely path to power |
Assange to appeal extradition to UK's top court |
Iran sanctions biting in recent weeks: Petraeus |
Facebook to file $5 billion IPO Wednesday: IFR |
Panasonic, Samsung to propose tie-up with Olympus: report |
Sharp 9-month op profit slumps 86 percent, forecast cut |
LG reports handset profit after six-quarter losing |
Netflix says Congress can help bring Facebook app to U.S. |
Seagate Technology Q2 beats Street on margins |
Vanity Fair picks Hollywood's leading ladies |
IAEA, Iran see more talks ahead on nuclear issue |
Egypt's war on democracy threatens U.S.-ties |
UK Islamists admit London Stock Exchange bomb plot |
Assange appeals extradition to UK's top court |
Libya's hostages of war |
Iraq executes 17 after U.N. rebuke |
Sony names Hirai president and CEO, replacing Stringer |
Amazon shares fall as outlook disappoints |
Facebook to file $5 billion IPO Wednesday: IFR |
Google defends change to privacy policies |
Ukraine government websites attacked after piracy crackdown |
Analysis: Patent plaintiffs target Facebook as IPO approaches |
Much of Vivendi U.S. shareholder lawsuit dismissed |
Russia's shiny new Bolshoi grappling with gripes |
Soul Train creator Don Cornelius dead: police |
A Minute With: Katharine McPhee star of Smash |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01