LG Electronics sees third quarter profit growth on firmer smartphone sales

Reuters News
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Posted: Jul 24, 2013 3:26 AM
LG Electronics sees third quarter profit growth on firmer smartphone sales

SEOUL (Reuters) - LG Electronics Inc on Wednesday forecast a year-on-year increase in its current third-quarter profit and revenue, driven by firmer sales of smartphones, as it plans to introduce its flagship G2 smartphone model next month.

Profits and revenues, however, were expected to decline from the second-quarter due to weaker seasonal demand for home appliances and air conditioners, the company said.

The South Korean firm had earlier reported a better-than-expected 9 percent drop in quarterly profit.

(Reporting by Miyoung Kim; Editing by Miral Fahmy)