LG Electronics-Q2 earnings

LG Electronics-Q2 earnings

LG Electronics Q2 net profit down 42.2 pct to 195.3 bln won

SEOUL, July 27 (Yonhap) -- LG Electronics Inc. on Thursday reported its second-quarter net profit of 195.3 billion won (US$152.8 million), down 42.2 percent from a year earlier.

The company said in a regulatory filing that operating income for the April-June period fell 6.3 percent on-year to 741.9 billion won. Sales increased 2.7 percent to 19.99 trillion won.

The operating profit was 23.8 percent lower than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.

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