LG Electronics books Q2 profit held back by mobiles

LG Electronics, LG

LG Electronics on Thursday said continued losses in its mobile unit limited growth in Q2 profit to 13.6 per cent, as the firm prepares to release a handset in Q3 that it hopes will turn the tide.


The firm said operating profit reached 664 billion won ($597 million) in April-June, in line with its estimate earlier in July. Revenue rose 3.9 per cent to 14.6 trillion won, also in line with its estimate.