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 | Yeremyan Projects opens state-of-the-art dairy production plant Yeremyan Projects officially launched the Yeremyan Products state-of-the-art milk processing plant in Yerevan on May 24. Azerbaijan's defense spending set to increase by 11% Azerbaijan's spending on defense and national security will increase by 11%, according to a fresh bill. Armenian PM’s helicopter makes emergency landing in Vanadzor The helicopter transporting Armenian Prime Minister Nikol Pashinyan made an emergency landing in Vanadzor. Lavrov says envoys “periodically” summoned for consultations Sergei Lavrov has commented Moscow’s summoning of Russian Ambassador to Armenia Sergei Kopyrkin. |