Strong mobile phone sales helped LG to a 50 per cent rise in profits for the third quarter, defying the slowdown in demand that saw rival manufacturer Nokia record its first loss this decade.
LG posted profits of £442 million for the third quarter - well ahead of forecasts from analysts polled by the Thomson Reuters news agency.
The South Korean company was buoyed by a rise in mobile sales, which hit a record level of 31.6 million for the three month period from July to September. This followed unit sales of 29.8 million for the preceding period.
Growing demand for LCD TVs also contributed to the strong showing, with 4.01 million sold during the quarter.
New handsets expected to arrive from LG in the fourth quarter include the [LG Chocolate BL20] and the LG Etna KS360 – the manufacturer’s debut mobile phone on Google’s Android platform.
Due to go on sale in the UK in time for Christmas, the Chocolate BL20 teams a five megapixel camera with a QWERTY keyboard and a 2.4-inch touchscreen display.
Was this article helpful?