South Korea’s LG Electronics records 80% drop in operating profits

The drop in its operating profits as well as the decline in its quarterly revenues are in line with its previous estimate.

On Thursday, South Korea’s LG Electronics Inc reported a 80% drop in its operating profits, from a year ago, which touched $68.5 million (76 billion won). Incidentally, this is in line with its guidance which it reported earlier this month.

Its quarterly revenues have fallen by 7% to 15.8 trillion won – in line with its estimate.

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