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Home › LG profits fall in Q2 as smartphone losses widen

 

LG profits fall in Q2 as smartphone losses widen

2019-07-30 11:27:00| Telecompaper Headlines

(Telecompaper) LG Electronics reported a sharp fall in profits in the second quarter, due to widening losses at its smartphone and automotive businesses. While revenues were up 4.1 percent to KRW 15.63 trillion, operating profit dropped 15.4 percent from a year earlier to KRW 652 billion, and net profit more than halved to KRW 106 billion. 

Tags: fall losses profits smartphone

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