In the 3 rd quarter, LG Electronics showed the highest financial results in its history

Company LG Electronics has announced record results for operating income for the third quarter, which ended on Sept. 30, 2009, where a record level of sales and operating profit at both the parent and global levels. Sales at the world level (including foreign entities LG) grew by 15.7% to 13.9 trillion Korean won (11.2 billion USD) compared to the same period last year. Operating profit rose to 850 trillion Korean won (685 million USD), representing 6.1% of the margin of profit. This figure is 1,3% more than last year's results. At the parent level, the company recorded sales of 7.87 trillion Korean won (6.34 billion USD) and operating profit - 603 billion Korean won (486 million USD).

The company noted that sales of Mobile Communications Company amounted to 4.65 trillion Korean won (3.75 billion USD), which is 21,9% higher than the previous year. And operating profit recorded at 390 billion Korean won (314 million USD), representing 8.4% of the margin. Mobile phone sales totaled 4.38 trillion Korean won (3.53 billion USD), which is 24,8% higher than the third quarter of 2008. Operating profit reached 384 billion Korean won (309 million USD), representing 8.8% of the margin. Shipments of mobile phones increased by 37% compared to the same period last year and by 6% compared with the previous quarter to 31.6 million units. These figures are due to strong growth in sales in emerging markets and European markets, achieved through such models as the KP500 and phones for messaging, despite a slight drop in sales in North America and Korea. The change in prices coupled with increased sales of models of low-price segment have led to lower profitability compared to the second quarter.