LG Elec says fourth-quarter operating profit up 27 percent versus year earlier

Reuters News
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Posted: Jan 26, 2016 1:26 AM

SEOUL (Reuters) - South Korea's LG Electronics Inc <066570.KS> said on Tuesday its fourth-quarter operating profit rose 27 percent from a year earlier - a result that was slightly above expectations as earnings for its television business rebounded.

LG, the world's No.2 television maker behind domestic rival Samsung Electronics Co Ltd <005930.KS>, said October-December profit was 349 billion won ($290 million), above a Thomson Reuters StarMine SmartEstimate of 340 billion won derived from a survey of 25 analysts.

(Reporting by Se Young Lee; Editing by Edwina Gibbs)