LG Electronics Reports Sales Increase

Story posted on: April 21, 2009. Filed in: lg.

LG Electronics seems to be doing rather well amidst the global economic turmoil, as it has announced its earnings for the first quarter of 2009. The company’s handset department reported a 23% increase in sales, going from KRW 3.2 trillion ($2.3b) to KRW 3.9 trillion ($2.8b). Sales increased despite a 7% year-over-year decline in handset shipments. LG will certainly be happy over the success of its Cookie, LG-KS360 and Viewty smartphones, which definitely had a part to plan in ensuring it’s good financial reports.

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