Editorial: A depth-look at LG’s financials

Things are looking good for LG Electronics. Their TV and mobile businesses are booming. Let’s take an in depth look at their financials

In Q4 2011 they recorded U$12,05 Billion in revenue with U$20 Millions profits, yet they made a U$97,73 Million loss. For the whole year they report a revenue of U$48,97 Billion with a net loss of U$391 Million. Their operating profits improved significantly from U$153 Million in 2010 to U$253 Million in 2011.

The mobile division grew nicely. In Q4 they made U$2,42 Billion in sales which ensured them an operating profit of U$10 Million. For the full 2011 they made a total of U$10,55 Billion’s worth of sales, down 9,9% from 2010. Their smart phone sales declined though from 21,1 Million to 17,7 Million.

For 2012 they’re targeting a revenue of U$53,8 Billion while spending U$1,5 Billion in capital and investing U$2,4 Billion in R&D. We’ll continue to keep you updated on all things LG including their latest products and services.