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LG profits fall in Q2 as smartphone losses widen

Tuesday 30 July 2019 | 11:27 CET | News
LG Electronics reported a sharp fall in profits in the second quarter, due to widening losses at its smartphone and automotive businesses. While revenues were up 4.1 percent to KRW 15.63 trillion, operating profit dropped 15.4 percent from a year earlier to KRW 652 billion, and net profit more than halved to KRW 106 billion. 

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Categories: Mobile & Wireless
Companies: LG
Countries: World
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