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 […]

    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 […]

    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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    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 […]

    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 […]

    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 […]

    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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    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 […]