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LG improves operating profit on lower sales in Q1, sees weaker demand from Q2

Wednesday 29 April 2020 | 09:58 CET | News
LG Electronics reported an increase in operating profit for the first quarter, despite a small drop in sales, as growth in premium TVs and the B2B market helped offset continued losses from its smartphone business. LG said demand started to slow in March due to the coronavirus spread, and it expects lower revenues and profits in the second-quarter as a result. 

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Categories: Mobile & Wireless
Companies: LG
Countries: World
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