LG Electronics' Q3 net income rises 411% on year to $323 million

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LG Electronics' Q3 net income rises 411% on year to $323 million

The LG logo is seen on a flag at LG Electronics' headquarters in Yeouido, western Seoul on April 7. [YONHAP]

The LG logo is seen on a flag at LG Electronics' headquarters in Yeouido, western Seoul on April 7. [YONHAP]

 
LG Electronics, Korea's leading home appliance manufacturer, on Friday reported its third-quarter net income of 461 billion won ($323.1 million), up 411.1 percent from a year earlier.
 
The company said in a regulatory filing that operating profit for the July-September period fell 8.4 percent on year to 688.9 billion won. Sales decreased 1.4 percent to 21.87 trillion won.
 

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The operating profit was 14.5 percent higher than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. The estimated net profit was not available.

Yonhap
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