 "LG Electronics says 2Q profit more than doubled")
The South Korean consumer electronics company said today its net income for the April-June quarter was $400 million, compared with $151 million won a year earlier.
The figure was more than a fourfold increase from the first quarter and also beat expectations. Analysts polled by financial data provider FactSet forecast $292 million income.
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Operating profit rose 27% to $589 million while sales inched up 1% to $14.6 billion.
LG said its mobile division became profitable for the first time in a year thanks to strong sales of its flagship G3 smartphones and cheaper L-series smartphones in North America.
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