LG Electronics estimates 35.3 billion won operating loss
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LG Electronics estimates 35.3 billion won operating loss

Published: 06 Jan. 2017, 20:07
LG Electronics said Friday that it is likely to post an operating loss in the fourth quarter of last year, indicating that its money-losing smartphone business appears to have failed to rebound.

LG said its operating loss for the fourth quarter of last year is estimated at 35.3 billion won ($29.6 million), compared with a profit of 348.9 billion won for the same quarter in 2015.

Fourth-quarter sales are estimated at 14.7 trillion won, up 1.5 percent on year, LG said. YONHAP
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