[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)