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LG posts its biggest-ever revenue, highest yearly profits in 8 years in 2017; narrows smartphone losses in Q4 2017

LG Electronics has reported revenues of 16.96 trillion won (US$ 15.3 billion) for the fourth quarter that ended December 31, 2017, which is up 14.8% compared to the same quarter last year. For the whole 2017 it reported record 61.4 trillion won (US$ 55.4 billion) revenues, up 10.9% YoY and profits of 2.47 trillion won (US$ 2.23 billion) – the highest profit since 2009 – up 85% from 2016 due in large part to strong performance by premium home appliances and TVs.  It  reported operating income...
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