LG profits reach two-year high

Stefan Mileschin · 10th July 2016, 15:53

LG Electronics appears to be doing rather well all of a sudden and says its second-quarter operating profit will reach a two-year high.

Most of the cash appears to be coming from home appliances and tellies.

The company said that it made $504 million in the second quarter which will be its most profitable quarter since the second quarter of 2014. The final results are coming out in late July.

LG Electronics did not offer any additional details ahead of final results scheduled for late July. But the heads-up has the analysts jolly happy as it can only mean that the outfit saw strong profit from its appliances business due to sales of premium products. Global warming also appeared to help the sales of air conditioners.

http://fudzilla.com/news/41078-lg-pr...-two-year-high

10th July 2016, 15:53	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,514	LG profits reach two-year high LG Electronics appears to be doing rather well all of a sudden and says its second-quarter operating profit will reach a two-year high. Most of the cash appears to be coming from home appliances and tellies. The company said that it made $504 million in the second quarter which will be its most profitable quarter since the second quarter of 2014. The final results are coming out in late July. LG Electronics did not offer any additional details ahead of final results scheduled for late July. But the heads-up has the analysts jolly happy as it can only mean that the outfit saw strong profit from its appliances business due to sales of premium products. Global warming also appeared to help the sales of air conditioners. http://fudzilla.com/news/41078-lg-pr...-two-year-high

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