LG’s Q1 2022 Earnings Present Larger Profits On Strong Television, Phone Gross Sales

LG Cell Communications Firm saw operating profit more than triple quarter-over-quarter from KRW 12 billion to KRW 39 billion (USD 34.5 million) as a result of a better product mix and a rise in the proportion of smartphone sales. General revenues declined 14 percent yr-over-year from KRW 2.9 trillion to KRW 2.5 trillion (USD 2.2 billion) because of declining function cellphone sales however smartphone income increased as a result of the popularity of Optimus LTE and Optimus Vu: in the house market. The company expects to strengthen its smartphone line-up much more within the second quarter with the introduction of its L-Model collection and quad-core smartphones.

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