OUR LG tomorrow will “mark” the anniversary of the closure of the division LG Mobile, who was responsible for several of the company’s products such as smartphones. The company has now released a report for the second quarter of 2022 showing that the company did not miss this divisionwhile his profit increases without him.

As noted by the portal android policedespite the fact that the company had fans of mobile phones, the area mobile companies could not show profit, including record losses, for five years in a row. Thus, one would expect that when this division was closed, the company would present the best indicators, which happened in less than a year.

In his report LG stated that between April and June she presented the biggest profit in its history in these months, for a total of 19.2 trillion won (~ R$ 76 billion). This result of the company is very impressive, because. 15% higher compared to the second quarter of last yearshowing that the South Korean giant is not missing out on sales of its smartphones.

Credits: LG Disclosure

One of the divisions that helped the company break this record the most is the Home Appliances and Ventilation Division, which was his best quarter ever. This line of business generated 8 trillion KRW (31 billion reais) in revenue, the first domestic unit to provide figures of this magnitude.

But despite the good news, the manufacturer also presented increased costs and some logistical problemswhich ultimately hurt its revenue, which fell 12% to 792 billion South Korean won (~3 billion reais).

Despite the fact that the company has withdrawn from the sale of smartphones and other mobile devices, LG still making good money in this market, being one of the main suppliers of components for a number of other companies. O android police notes that the company also cut some other areas that did not perform well, such as the production of solar panels.

Source: AndroidPolice

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