ZDNet - 2 years ago
  • LG Electronics has increased its revenue for the third quarter by 15 percent year on year to post 15.2 trillion won in sales, which has translated into a one-third boost in earnings before interest, tax, depreciation, and amortisation (EBITDA) to 957 billion won, and operating income spiking by over 80 percent to 516 billion won.
  • The only division to fail to increase its profit despite growing revenue was the vehicle components unit, which reported a revenue jump of 29 percent to 873 billion won, and almost doubled its 2016 third quarter loss of 16 billion won, reporting a 29 billion won loss for Q3.
  • On Thursday, it was announced that LG had updated the software in its home appliances — such as refrigerators, ovens, dishwashers, and vacuum cleaners — to close a security hole that allowed an attacker to take control of the devices.