LG Electronics reports unexpected 2015 final quarter lossJanuary 26, 2016 - 14:01 AMT PanARMENIAN.Net - LG Electronics reported an unexpected loss in the final quarter of 2015 as its smartphone business struggled, according to the Associated Press. South Korea's second-largest consumer electronics company said Tuesday, Jan 26, it had a net loss of 140.4 billion won ($116.4 million) for the October-December period, compared with a net loss of 205.7 billion won a year earlier. A survey of analysts by financial data provider FactSet forecast a net profit of 134 billion won. Quarterly sales fell 5 percent to 14.6 trillion won. Operating income jumped 27 percent to 349 billion won. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Your home is in Armenia – Ameriabank offers mortgage loans for the Diaspora To buy real estate, Diasporans can apply to Ameriabank online to buy, renovate or build a home anywhere in Armenia. Armenia-Qatar ties discussed in Doha The Secretary of Armenia’s Security Council met with the Deputy Secretary General of the National Security Council of Qatar. ARARAT special evening dedicated to Aznavour's 100th Anniv. On May 20 ARARAT legendary Armenian brandy, celebrated the centennial of Maestro Charles Aznavour with a special event. Surveying works underway in Armenia’s Kirants Surveying works are underway in the Armenian village of Kirants in the northern Tavush province. |