Archives
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ELECTRONICS 
December 2, 2019 LG Electronics India posts ₹1,534-crore profit in FY19
Total revenues for FY19 stood at ₹15,945.20 crore Consumer durables company LG Electronics India posted a net profit of ₹1,534.50 crore in FY19, clocking 5.52 per cent growth over the previous fiscal. The company, which is a wholly-owned subsidiary of South Korean consumer durables major LG Electronics, had reported a net profit of ₹1,454.20 crore in FY18. Total […]
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ELECTRONICS 
November 28, 2016 LG Electronics Posts Drop in Profits on Loss-Making Smartphone Business
TweetShareShareEmailReddit LG Electronics Posts Drop in Profits on Loss-Making Smartphone Business LG Electronics Inc said on Thursday its third-quarter operating profit fell 3.7 percent from a year earlier, hit by sluggish sales in its money-losing smartphone business. LG said in a regulatory filing that the operating profit for the July-September quarter stood at KRW 283.2 […]
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ALL DEALS 
September 28, 2016 Nokia Posts Weak Quarterly Profits, Lifts Cost-Cut Target
Nokia’s quarterly profit fell more sharply than expected as telecom operators spent less on faster networks and as others held off signing new orders as the Finnish firm merges operations with recently-acquired rival Alcatel-Lucent. Nokia also on Thursday lifted its cost-cutting target for the EUR 15.6 billion merger, sealed earlier this year, saying it was […]
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NEWS 
August 24, 2016 EA Posts Unexpected Profit on Higher Game Downloads
Video-game publisher Electronic Arts Inc, known for titles such as FIFA and Star Wars Battlefront, reported an unexpected first-quarter profit, helped by higher downloads of its games. The company’s digital business, where players download digital versions of games, generates higher margins than sales of physical discs. EA’s shares initially rose about 2.5 percent in extended […]
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ELECTRONICS 
August 12, 2016 LG Electronics Posts Massive Profit Jump Despite Smartphone Sales Slump
Booming sales of home appliances and televisions helped South Korea’s LG Electronics report a surge in first-quarter profits Thursday, despite a continued slump in smartphone sales. Net income for January to March amounted to KRW 198 billion ($173.9 million or roughly Rs. 1,156 crores), up 415 percent from a year ago, the Seoul-based company said […]
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ELECTRONICS 
June 29, 2016 Samsung Posts US $five.1 Billion earnings In Fourth zone 2015
Samsung Electronics posted 6.1 trillion won ($5.1 billion) in operating earnings for the fourth quarter of 2015. (file image) SEOUL: Samsung Electronics published 6.1 trillion received ($5.1 billion) in running profit for the fourthregion of 2015, regulatory filing showed nowadays. The fourth-sector running profit become down 17.forty six percent over the previous quarter howeverturned into […]
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ELECTRONICS 
June 22, 2016 LG Electronics Posts massive earnings leap regardless of smartphone income hunch
Booming income one of the best home home equipment and televisions helped South Korea’s LG Electronics report a surge in first-zone income Thursday, no matter a persevered slump in telephonesales. internet income for January to March amounted to KRW 198 billion ($173.9 million or more or less Rs. 1,156 crores), up 415 percentage from a […]
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COMPUTERS 
May 28, 2016 Lenovo Posts First Annual Loss in 6 Years on M&A expenses
HIGHLIGHTS Lenovo published a lack of approximately $128 million. Lenovo has curbed its computer income in favour of smartphones, pills. It received Motorola Mobility from Google in 2014. China’s Lenovo organization Ltd on Thursday mentioned its first loss in six years, with profits pulled downwith the aid of acquisition and restructuring fees in addition to […]
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COMPUTERS 
April 15, 2016 Lenovo Posts Profit Gain Despite Slowing PC Sales, Smartphone Growth
Chinese technology giant Lenovo on Wednesday posted a surprise gain in net profit for the third quarter, despite slowing growth in the smartphone market and declining PC sales in the face of ailing global markets. Lenovo said net profit for the three months ended December 31 was $300 million (roughly Rs. 2,045 crores), a 19 […]
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NEWS 
April 1, 2016 Standard Chartered posts loss as loan impairments hit new high
CEO Bill Winters is attempting to unwind the damage caused by predecessor Peter Sands’ revenue-led expansion across emerging markets, which left the bank riddled with bad loans when commodity market crashed and growth stalled from China to India. Photo: Reuters London: Standard Chartered Plc reported a surprise full-year loss as loan impairments almost doubled to […]
