LG Electronics says third-quarter earnings down three.7 percent vs. year earlier

SEOUL South Korea's LG Electronics Inc (066570.KS) stated on Thursday its 1/3-zone working profit fell 3.7 percentage from a 12 months earlier, dragged down by way of a file quarterly loss for its cellular department.

the sector's No. 2 television maker at the back of Samsung Electronics Co Ltd (005930.KS) stated in a regulatory submitting its July-September income become 283 billion gained ($248 million), matching an in advance estimate. revenue for the sector dropped 5.7 percent to thirteen.2 trillion received.

LG's mobile department mentioned its worst-ever quarterly working loss of 436.four billion received, its 6th directly area inside the crimson, offsetting a file 381.5 billion gained earnings for the television department.

LG said its fourth-area profit would be weaker than the 1/3 sector's because of better promotional costs and weaker earnings for its home equipment enterprise because of seasonal weakness.