LG’s operating profit jumps 82% in Q1
[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 (firstname.lastname@example.org)