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Earnings

LG Electronics reports highest first-quarter profit since 2009 as TV earnings jump

Updated : April 26, 2018 12:22 PM IST

January-March profit for the world's second-largest TV maker climbed 20% from a year ago to 1.1 trillion won ($1.02 billion), in line with the company's guidance this month.
Revenue rose 3.2% from a year ago to 15.1 trillion won.
The TV division posted a 76.5% rise in profit to a quarterly record of 577 billion won, with an operating margin of 14%, led by sales of high-end television sets, including those with organic light-emitting diode (OLED) screens.
LG Electronics reports highest first-quarter profit since 2009 as TV earnings jump
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