LG has announced its financial report for the Q1 of 2012 and things are looking good for the Korean tech giant. The company reported consolidated sales of $10.78 billion, which is 7.1% and 11.5% lower compared to the previous quarter and the same period last year respectively. However, that's expected , due to the slow nature of the period which comes right after the holiday season. Consolidated net profit, on the other hand, is up at $214.3 million.
Handset shipments decreased by 22% quarter-over-quarter to 13.7 million unit and revenue from the division declined 10% compared to the previous quarter to $2.2 billion.
GSM Arena, LG reveals Q1 2012 financial results, has turned the corner
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