Industry
TV, Smartphone sales boost LG Electronics earnings
Jan. 27, 2014
South Korea’s tech giant LG Electronics Inc. said Monday its net loss narrowed in the fourth quarter of 2013 from a year earlier on improved smartphone sales.Its net loss came to 63.4 billion won ($58.76 million) in the October-December period, improving from the 478.1 billion won posted a year earlier, LG Electronics reported in a regulatory filing.Revenue, or sales, edged up 0.8 percent on-year to 14.9 trillion won, and operating profit surged 103.8 percent to 238.1 billion won, it said.For al