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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