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LG Electronics expecting 82% increase in Q3 profit

Oct 11,2017
LG Electronics said Tuesday its operating profit is estimated to have shot up 82.2 percent on-year in the third quarter, apparently helped by its home appliances and TV businesses.

Operating profit is estimated at 516 billion won ($453 million) in the July-September period, compared to an operating income of 283 billion won a year earlier, LG Electronics said in a regulatory filing.

The third-quarter operating income marks the highest for its third-quarter performances since the July-September period of 2009.

Sales are forecast to have advanced 15.2 percent over the cited period to reach 15.2 trillion won, the company said.