LG Comes Back to Profit Through Smartphones and TVs
LG saw itself return to health Wednesday with early 2012 results that showed it back in form. It swung from an equivalent to a $13.9 million loss in winter a year ago to $213.3 million in profit based on a much stronger position in smartphones and better 3D TV sales in is native South Korea. Its mobile division made the equivalent of $34.2 million in profit, almost all of that from cellphones, after having lost $88.7 million at the start of 2011.
The home entertainment group was still profitable a year ago