SEOUL: South Korea's LG Electronics Inc said on Wednesday its January-March profit fell 36.2 percent from a year earlier, missing expectations as deteriorating economic conditions in key markets undercut its television business.
LG reported a first-quarter operating profit of 305 billion won ($285.47 million), compared with a 319 billion won mean estimate from a Thomson Reuters I/B/E/S survey of 35 analysts.
Also read: Procter & Gamble’s Profit Rises, But Sales Fall Short of Views
Read more