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LG Electronics' operating profit up 16.1 pct in Q2

All News 15:12 July 06, 2018

SEOUL, July 6 (Yonhap) -- LG Electronics Inc. said Friday its second-quarter operating profit advanced 16.1 percent from a year earlier.

Operating profit came to 771 billion won (US$691 million) in the April-June period, compared to 664 billion won posted in the same period a year earlier, LG Electronics said in its earnings guidance report.

Sales rose 3.2 percent over the cited period to reach 15 trillion won.

The operating profit fell shy of the market's estimate of 8.4 trillion won suggested by 17 brokerage houses, compiled by Yonhap Infomax, the financial arm of Yonhap News Agency.

LG did not offer performance and net profit estimate reports for each business division. The company will deliver its finalized earnings report later this month.

Shares of LG Electronics traded 2.96 percent lower at 75,500 won as of 3:03 p.m. The second-quarter estimate was announced during the market session.

LG Electronics' operating profit up 16.1 pct in Q2 - 1


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