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Earnings

LG Electronics tips highest Q1 profit since 2009

Updated : April 06, 2018 01:05 PM IST

Strong sales of organic light-emitting diode (OLED) TVs, as well as lower costs from cheaper liquid crystal display panels, boosted earnings for its TV division.
The mobile phone divison is expected to have posted its fourth straight quarter of losses due to tough competition.
The firm's shares closed up 5.7 percent on Friday after the earnings guidance, compared with a 0.3 percent fall for the broader market.
LG Electronics tips highest Q1 profit since 2009
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