LG Electronics reports Q3 profit on handset earnings
LG Electronics said today it swung a third-quarter profit based largely on the success of its once-ailing handset division.
South Korean electronics maker posted a net profit of 157.1 billion won ($138.5 million) for the three months ended September 30, a dramatic recovery from the loss of 413.9 billion won ($366 million) it recorded in the year-ago period. However, third-quarter revenue fell 4 percent to 12.38 trillion won ($10.93 billion) due to a decline in demand for feature phones.
LG's mobile division recorded a third-quarter profit of 22 billion won ($19.4 million), compared … Read more