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LG Electronics sees 139.5% surge in Q2 operating profit

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LG Electronics
LG Electronics   Q2 sales to increase 0.5 percent

LG Electronics said that it expects operating profit for the second quarter to increase 139.5 percent year-over year and sales to rise 0.5 percent.


The company expects operating profit for the second-quarter to be 584.6 billion won.

The forecast represents a 139.5 percent increase from the company's year-ago quarter operating profit of 244.1 billion won and also marks an 15.7% percent sequential increase from the first-quarter operating profit of 505.2 billion won.

LG Electronics projects second-quarter sales to increase 0.5 percent to 14.00 trillion won from last year's sales of 13.93 trillion won and also represents an 4.8 percent sequential increase from the first-quarter sales of 13.36 trillion won.


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