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LG Electronics books Q2 profit held back by mobiles

Firm said operating profit reached $597 million in April-June

Reuters 

LG Electronics, LG

on Thursday said continued losses in its mobile unit limited growth in Q2 profit to 13.6 per cent, as the firm prepares to release a handset in Q3 that it hopes will turn the tide. 

The firm said operating profit reached 664 billion won ($597 million) in April-June, in line with its estimate earlier in July. Revenue rose 3.9 per cent to 14.6 trillion won, also in line with its estimate.

First Published: Fri, July 28 2017. 02:46 IST
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