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The Korea Herald
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THE INVESTOR
March 28, 2024

LG

LG Electronics’ net profit down 13% in Q1

  • PUBLISHED :April 26, 2018 - 15:49
  • UPDATED :April 26, 2018 - 15:49
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[THE INVESTOR] LG Electronics said on April 26 its first-quarter net profit fell 12.7 percent from a year earlier.

Net profit came to 729.9 billion won (US$674 million), compared with 835.7 billion won posted a year earlier, the company said in a regulatory filing.

Operating profit, however, advanced 20.2 percent to 1.1 trillion won over the cited period. Sales increased 3.2 percent to 15.1 trillion won, the company said.

The first-quarter operating profit came in line with the 1.1 trillion won forecast through a preliminary guidance report released earlier this month.

By Song Seung-hyun and newswires (ssh@heraldcorp.com)

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