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LG Swings To Q4 Loss, But Phone Sales Thrive

By DMO Affiliate
The Korean conglomerate LG posted a loss of $59.1 million, reversing a year-ago profit of $205.8 million. LG blamed an unfavorable shift in the foreign currency exchange rate for the year-over-year downturn. Revenue actually inched up 0.8 percent to $13.8 billion. One of the main reasons for its slight revenue increase is LG's 28 percent jump in sales in its mobile communications business.
LG Swings To Q4 Loss, But Phone Sales Thrive




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