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LG’s operating profit jumps 82% in Q1

PUBLISHED : April 07, 2017 - 16:23

UPDATED : April 07, 2017 - 16:23

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[THE INVESTOR] Tech firm LG Electronics earned 921.5 billion won (US$812.30 million) in operating profit during the January-March period, up 82.4 percent from a year earlier, according to the company’s earnings guidance announced on April 7.


Park Hyun-koo/The Investor



The estimated revenue during the same period came in at 14.66 trillion won, up 0.7 percent on-year, the company said.

The Seoul-headquartered tech giant posted an operating loss of 35.2 billion won in the fourth quarter last year due largely to its struggling smartphone business.

By Kim Young-won (wone010@herealdcorp.com)

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