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Tag: strong
Airlines report big 2Q profits on strong demand
2014-07-24 23:18:57| Airlines - Topix.net
Investing in airlines has long been the butt of jokes, especially when many U.S. carriers traipsed through bankruptcy court in the past decade.
Tags: report
big
strong
demand
Brown-Forman elects board, celebrates strong year
2014-07-24 18:44:38| Appliances - Topix.net
At the annual shareholders meeting in Louisville, Brown-Forman re-elected 11 directors and elected one new member to the board: Michael A. Todman, president of Whirlpool International.
Tags: year
board
strong
celebrates
LG Electronics strong quarterly results reflect turnaround of mobile business
2014-07-24 13:08:48| Electronics - Topix.net
LG Electronics Inc. announced a 165 percent increase in second-quarter net profit compared with the same period last year, reflecting strong earnings from both the TV and mobile operations.
Tags: business
results
mobile
electronics
LG mobile returns to profit on strong LTE smartphone sales
2014-07-24 08:54:00| Telecompaper Headlines
(Telecompaper) LG Electronics restored its mobile business to profit in the second quarter, helped by strong demand for its LTE smartphones. Mobile sales were up 16 percent from a year earlier and 6 percent higher versus Q1 at KRW 3.6 trillion. The operating margin rose to a positive 2.4 percent after three quarters of losses. LG said it shipped 14.5 million smartphones in the quarter, up 20 percent year-on-year and 18 percent more than the previous quarter. LTE shipments more than doubled year-on-year, driven by the launch of the flagship G3 and more mass-market models. LG also reported a strong quarter in North America, where shipments rose 39 percent on a sequential basis, and in its home market Korea, where shipments increased 17 percent on the same basis. The company said the return to profit was due to the increased sales volume, cost controls and a better product mix, with an increased share of sales from the G and L series phones. LG expects LTE to lead the market growth going forward, but price competition will intensify, both in the premium and mass-market segments. The company plans to strengthen its line-up with additional G3 variations and more mass-market phones in the L series. LG's other divisions reported flat to lower sales in the quarter, leading to only a 0.9 percent rise in group sales to KRW 15.37 trillion. Operating profit improved to KRW 606 billion from 479 million a year ago, and net profit rose to KRW 412 million from 156 million.
Tags: sales
mobile
strong
returns
Hyundai Motor's 2Q profit dips due to strong South Korean won
2014-07-24 08:49:03| Automakers - Topix.net
Hyundai Motor Co. says its second-quarter profit fell 7 per cent as the appreciation of South Korean diluted its overseas earnings.
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