LG has released their latest financial figures for the second quarter of 2012, the company announced net profits of 159 billion won, which is about £138 million US dollars.
This is up some 46 percent for the same period last year, and the profits increase is mainly down to cost cutting measures that LG has implemented.
It looks like LG’s mobile business is still not making a profit as they announced an operating loss of 57 billion won, which works out at around $49 million US dollars.
Source The Verge
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