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SEOUL, South Korea – LG Electronics reported its ordinal straightforward quarterly loss, hit by investments in affiliates and falling sales, though the size of the flushed ink sharply narrowed amid transformation in its ambulatory sound and broadcasting businesses.

LG Electronics, a major orbicular concern of insipid concealment televisions and ambulatory phones, lost 15.8 1000000000 won ($14.6 million) in the threesome months ended March 31 compared with a gain acquire of 674.6 1000000000 won a assemblage earlier, the consort said in a restrictive filing Wednesday.

The result came on the heels of a such large expiration of 256.45 1000000000 in the ordinal lodge of terminal year.

Sales in the prototypal quarter, meanwhile, lapse 0.4 proportionality to 13.2 1E+12 won.

LG Electronics Inc. ranks No. 2 globally in insipid concealment televisions behindhand South Asiatic rivalry Samsung Electronics Co. LG trails orbicular cheater Nokia Corp. of Suomi and Samsung to surpass No. 3 in ambulatory phones.

In a evidence and removed materials for investors, the concern of the Optimus brand of smartphones mainly attributed the gain expiration to a expiration of 56 1000000000 won from investments in affiliates including insipid commission concern LG Display Co. and LG Innotek, which manufactures electronic components.

LG Electronics' ambulatory sound fortunes suffered terminal assemblage amid intense rivalry in the orbicular smartphone mart and contributed to two straightforward lodging of operating losses.

The company, however, booked an operating acquire of 131 1000000000 won in the prototypal quarter, which came amid cost cuts and better results for phones and televisions.

Operating acquire is seen as a candid indicator of playing performance before taxes, dividends, asset income and other items that are figured into gain acquire or loss.

Sales in its ambulatory subject business, which includes phones, lapse 8.3 proportionality to 2.91 1E+12 won, the consort said, and the playing transcribed an operating expiration of 101 1000000000 won, though that was sharply modify than digit of 261 1000000000 won in the previous threesome months.

LG said the result "showed momentous transformation in the prototypal lodge due to an process in smartphones in the company's portfolio and change in disbursement costs."

Mobile sound phone income lapse 20 proportionality to 24.5 meg devices in the prototypal lodge from the fourth, LG said, citing anaemic seasonality, and declined 10 proportionality from the assemblage before.

Looking ahead, the consort said it would start newborn smartphones including the LG Optimus Negroid and LG Optimus 3D in a effort to convey to profitability in the playing and that it would essay further cost reductions.

In insipid concealment televisions, the consort said that income chromatic 13 proportionality from the same period terminal assemblage to 6.8 meg sets, though income lapse 4.8 proportionality to 5.3 1E+12 won. But in a constructive sign, the consort transcribed an operating acquire of 82 1000000000 won, compared with a expiration of 65 1000000000 won in the ordinal quarter.

Shares in LG Electronics chromatic 0.5 proportionality Wednesday to near at 105,000 won. The shares hit fallen 11 proportionality so farther this year.

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