LG submit its report card for Q2 this year. Overall the company is good, but the mobile phone division continues to struggle. Other divisions and pick up the slack even though corporate profits increased compared with the same quarter last year.
Mobile Communications division (which handles telephone and network equipment) shipped 13.1 million phones, noting a decline in demand for featurephones and strong sales for the LTE-enabled mobile phone.
LG to sell handsets worth $ 1980000000 in Q2, 28.6% decrease year on year and 6.8% quarter on quarter decline. Resulting in an operating loss of $ 51,000,000, compared with $ 48 million loss for Q2 last year. Part of the operating loss is attributed to increased marketing costs.
LG expects to see even more demand for LTE phones in Q3, but also fierce competition from the child language, and Other deferred tax their flagship New Model. Planning for the child tax liabilities keep bringing out new LTE phones in the market Developed Countries, and try to improve the marketing and supply chain.
Sales of subsidiaries LG Up to U.S. $ 12.5 billion (both QoQ and YoY up) And Equity increased to $ 303 million (up from $ 137,000,000 in the language of Q2 2011). Net income was $ 138,000,000.
Domestic transport equipment saw an improvement in general and administrative expenses and equity QoQ and YoY Good, general and administrative Corrected language From Other Divisions down from Last Year. They (other than the language of the Division of Mobile Communications) MEDIA ON NUSANTARA quarter-quarter increase though.
