LG Electronics Q1 profit down 36.2pc

April 29, 2015 5:56 AM

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LG Electronics Q1 profit down 36.2pc

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: LG Electronics says third-quarter profit down 3.7 percent vs. year earlier

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