LG: Promising fiscal results

LG announced recently its fiscal results for Q4 2013 announcing significant revenue but also small profit. The company had $53.1 billion revenue for Q4 2013 with $203,65 million of net profit, increased when compared to last year's results.


For the 4th quarter of 2013 LG had $14 billion revenue and $223,89 million in operational profit, with - %60,21 million in profit thanks to several unexpected expenses. The company had a 29% increase in mobile phone sales and 18% increase in revenue when compared to last quarter, thanks to LG G2 and LG Nexus 5, selling +54% devices when compared to last year (almost 13.2 million smartphones!).

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