South Korea's LG Electronics books 14 percent second quarter profit rise, held back by mobiles

Reuters News
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Posted: Jul 27, 2017 2:17 AM

SEOUL (Reuters) - South Korea's LG Electronics Inc said on Thursday second-quarter operating profit rose 13.6 percent from a year earlier, as continued losses in the mobile division offset profits in its television set and appliances businesses.

LG said April-June profit was 664 billion won ($597 million), in line with its estimate earlier in July. Revenue rose 3.9 percent to 14.6 trillion won, also in line with the company's previous estimate.

(Reporting by Joyce Lee; Editing by Richard Pullin)