LG Electronics Operating Profit Up 44.4 Percent In Q3

LG Electronics Inc. said its third-quarter operating profit moved up 44.4 percent on-year.

Its operating profit came to 745.5 billion won (USD 659 million) in the July-September period, compared to 516.1 billion won posted a year earlier, the company said in a regulatory filing.

Sales edged up 1.3 percent over the cited period to reach 15.4 trillion won.

The third-quarter guidance report’s operating profit hovered below the market’s estimate of 771.7 billion won, based on a survey conducted by Yonhap Infomax on 15 securities firms. The estimate on sales came to 15.8 trillion won. –Yonhap News

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