LG to report a record quarter for the last 8 years
Analyst at KB Investment & Securities Kim Dong-won (Kim Dong-won) said that in the first quarter of this year, LG may report the receipt of operating income of almost $ 700 million.
This value will be a record for the company for the last 8 years, last year the result should be improved by 55%. Trend will continue in the second quarter, when the company will show an increase of 41% to 735 million dollars.
Sales growth will ensure, in particular, televisions, air conditioners, and smartphones, says the analyst. Sales of budget smartphones from LG in South America and the middle East is expected to grow by 30%.
As for the flagship smartphone LG G6, since the release of the daily in Korea sold about 10 million smartphones. Analysts suggest that this year the company will be able to sell more than 6 million LG G6.
At year-end the company needs to reduce operating losses up to the level of about 100 million dollars, while last year they exceeded $ 1 billion.