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LG Electronics' Q3 operating profit estimated to fall 3.7 pct

All News 15:10 October 07, 2016

SEOUL, Oct. 7 (Yonhap) -- LG Electronics Inc. said Friday that its operating profit for the third-quarter of this year is likely to fall 3.7 percent on year.

In a regulatory filing, LG said it expects a third-quarter operating profit of 283.2 billion won (US$253.4 million), compared with a profit of 293.9 billion won for the same quarter last year.

Compared with a quarter earlier, LG's operating profit is estimated to have plunged 51.6 percent, according to the company's earnings guidance.

Third-quarter sales are estimated to decline 5.8 percent to 13.2 trillion won.

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