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February 05, 2016 10:18 PM ET

Household Durables

Company Overview of LG Electronics Inc.

Company Overview

LG Electronics Inc., together with its subsidiaries, manufactures and sells consumer electronics, mobile communication products, and home appliances under the LG name worldwide. Its Home Entertainment division offers a range of televisions, monitors, PCs, security devices, audio and video products, and other products. The company’s Mobile Communications division provides G Series, Vu: Series, F Series, and L Series? mobile phones; and smart watches. Its Home Appliance division offers refrigerators, microwave ovens, dishwashers, washing machines, vacuum cleaners, water purifiers, and other products. The company’s Air Conditioning & Energy Solution division provides residential air conditioner...

LG Twin Tower 128

Yeoui-daero

Yeongdeungpo-gu

Seoul,  

South Korea

Founded in 1958

Phone:

82 2 3777 1114

Key Executives for LG Electronics Inc.

LG Electronics Inc. does not have any Key Executives recorded.

LG Electronics Inc. Key Developments

LG Electronics Inc., Q4 2015 Earnings Call, Jan 26, 2016

LG Electronics Inc., Q4 2015 Earnings Call, Jan 26, 2016

LG Electronics Inc. to Report Q4, 2015 Results on Jan 26, 2016

LG Electronics Inc. announced that they will report Q4, 2015 results at 4:00 PM, Korea Standard Time on Jan 26, 2016

LG Electronics Inc. Announces Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 2015

LG Electronics Inc. announced consolidated earnings results for the fourth quarter and full year ended December 2015. The company reported an unexpected loss in the final quarter of 2015 as its smartphone business struggled. For the quarter, the company reported sales of KRW 14,560.1 billion against KRW 15,272.1 billion a year ago. Operating income was KRW 349.0 billion against KRW 275.1 billion a year ago. Net income before tax was KRW 120.6 billion against KRW 57.3 billion a year ago. Net loss was KRW 140.5 billion against KRW 205.7 billion. The company's revenue was KRW 14.6 trillion, which implies a 4% quarter-on-quarter increase, a 5% year-on-year difference. The increase in operating profit is due to improved quarterly profitability from home appliances and home entertainment products. Net profit for the full year halved to KRW 249.1 billion. Full-year operating income was KRW 1.19 trillion (USD 1.03 billion) in 2015, against KRW 1.83 trillion (USD 1.58 billion) in 2014. As a result of sluggish global market demand for TVs and softer growth of smartphone market during 2015, full-year revenues were KRW 56.51 trillion (USD 48.8 billion), compared with KRW 59.04 trillion (USD 50.98 billion) the previous year.

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