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LG Electronics estimates Q1 operating profit at 921.5 bln won

All Headlines 15:06 April 07, 2017

SEOUL, April 7 (Yonhap) -- South Korea's No. 2 tech giant, LG Electronics Inc. said Friday its first-quarter operating profit is estimated at 921.5 billion won (US$812.3 million)

The operating profit for the January-March period turned black from an operating loss of 35.2 billion won posted a quarter earlier, the company said in a regulatory filing.

LG Electronics' first-quarter operating profit was estimated at 609.5 billion won, up 20.6 percent from a year earlier, according to the data compiled by Yonhap Infomax, the financial news arm of Yonhap News Agency on 20 local brokerage houses.

The company is set to deliver the finalized earnings report later this month.

colin@yna.co.kr
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