lg mobile keeps bleeding money despite narrowing operating loss in q1 2019

LG Electronics published its financial report for Q1 2019 and the mobile division numbers make for a grim reading. Revenue keeps falling with only KRW1.51 trillion ($1.34 billion) generated between January and March. This is 30% less on an yearly basis and 11% quarter over quarter.

According to the official press release, the LG Mobile Communications Company managed to narrow its operational loss to KRW203.5 billion ($181 million) while in a process of rebuilding its smartphone business.

Expectations are the launch of LG V50 ThinQ 5G will create a positive momentum in the second…

Link: https://www.gsmdb.com/gsmarena/lg_mobile_keeps_bleeding_money_despite_narrowing_operating_loss_in_q1_2019-news-36829.php