LG announced its financial results for the final quarter of 2012 and for the full year. The company ended up with a small net profit, due to a big fine from the European Commission over the CRT price fixing scandal.
That aside, the company saw its full year revenue drop 6% year over year, but operating profit went from $342 million in 2011 to $1.01 billion in 2012. However, net profit was only $80.8 million as LG was fined