LG Electronics Result 26/07/2018

LG Electronics reported Q2 net profits KRW326.5 billion ($292 million), a decrease from KRW514.9 billion ($461 million) a year ago, on turnover which rose to KRW15.02 trillion ($13.4 billion) from KRW14.55 trillion ($13.0 billion). For the first half, there were profits of KRW1.06 trillion ($945 million), down from KRW1.35 trillion ($1.2 billion), on record revenue of KRW30.14 trillion ($27.0 billion), up 3.2% from KRW29.21 trillion ($26.1 billion). The company said that first half turnover was improved by good sales of OLED and Super UHD TVs, although it predicts weaker demand in the second half.