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Tag: sales
LG mobile business in the red as sales fall 21%
2015-10-29 08:33:00| Telecompaper Headlines
(Telecompaper) LG Electronics reported a fall in third-quarter profits, hurt by a slowdown at its smartphones and consumer electronics business. Revenues were up 0.7 percent year-on-year to KRW 14.71 trillion, but operating profit dropped to KRW 294 billion from KRW 465 billion a year ago. Net profit fell to KRW 125 billion from KRW 203 billion, also hurt by lower results at the LG Display venture. At the mobile division, revenues fell 21 percent year-on-year and 7 percent from Q2 to KRW 3.38 trillion. The unit moved into the red, with an operating margin of negative 2.3 percent, compared to breakeven in Q2. LG said it sold 14.9 million smartphones in the quarter, up 6 percent from Q2 but 11 percent less compared to the year-earlier period. Sales improved on a sequential basis in the US thanks to solid sales of mid-range smartphones, but sales were lower on an annual basis in Korea due to weak market demand. LG said it expects competition to remain fierce in Q4 due to new models in the premium segment and price pressure in the mid-market. LG will aim to improve profitability and focus on the new Nexus 5X and V10 models. In consumer electronics, LG also reported sales down 5 percent to KRW 4.29 trillion. The operating margin improved to 0.9 percent from a negative 2.1 percent in Q2, but was still down on 3.0 percent a year ago. The company was hurt by weaker demand for TVs and currency fluctuations. LG said it will work on improving margins with a focus on the premium market for OLED and UHD TVs.
Tags: business
sales
red
mobile
Trinity Graphic hires pair to drive sales
2015-10-29 06:00:00| Label and Narrow Web Breaking News
Jamie Horton and Mary Alcorn will serve as national business development managers.
Tags: sales
drive
pair
graphic
SCAs Sales, Profits Climb
2015-10-29 06:00:00| Nonwovens Industry Breaking News
Swedish company seeing success in emerging markets.
Tags: sales
profits
climb
sales profits
SATO inks sales agreement with DataLase
2015-10-29 06:00:00| Label and Narrow Web Breaking News
The deal includes the launch of SpeciaLase Limited, which will operate in Japan and the Asia Pacific region.
Tags: sales
agreement
sato
inks
Drugmaker Amgen posts big increases in 3Q profit, sales
2015-10-29 04:14:49| Biotech - Topix.net
This Nov. 9, 2014 file photo shows signage outside the Amgen headquarters in Thousand Oaks, Calif. Amgen Inc. on Wednesday, Oct. 28, 2015 reported third-quarter profit of $1.86 billion.
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