LG Electronics Result 29/07/15

LG Electronics recorded Q2 net profits of KRW226.4 billion ($193.1 million), down from profits of KRW411.8 billion ($351.2 million) last time, on turnover which fell to KRW13.9 trillion ($11.9 billion) from KRW15.1 trillion ($12.8 billion). For the six months there were profits of KRW264.8 billion ($225.8 million), a drop from KRW504.4 billion ($430.2 million) a year ago, on revenue which slipped to KRW27.9 trillion ($23.8 billion) from KRW29.1 trillion ($24.8 billion). The company described the global TV market as sluggish, but said that, although Q2 had been more “challenging” than expected, it was sure that it would bounce back.