LG Electronics' operating profit shrinks to W275.1 billion

By Park Sae-jin Posted : January 29, 2015, 16:59 Updated : January 29, 2015, 16:59

 

LG Electronics said Thursday that its operating profit declined about 40 percent in the fourth quarter of 2014 from the previous quarter.

Operating profit reached 275.1 billion won in the October-December period, down 40.8 percent from a year earlier, the company said in a regulatory filing.

The figure, however, represents a 28.4 percent rise from the same period of 2013.

LG said its sales rose 3.8 percent to 15,272.1 billion won in the October-December period from the previous period. It marks a 4.9 percent increase from a year earlier.

It said its net loss more than tripled to 205.7 billion won in the fourth quarter from 63.5 billion won a year earlier.
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