LG Profits

South Korean tech giant LG Electronics Inc. said Thursday

its second-quarter net profit fell 36.6 percent from a year

earlier and that its mobile business remained in the red.

Net profit came to 326.5 billion won (US$291 million) in the

April-June period, compared with 514.9 billion won posted

in the same three month period in 2017, the company said

in a regulatory filing.

Operating profit came to 771 billion won in the second

quarter, up 16.1 percent from a year earlier.

Sales edged up 3.2 percent to reach 15 trillion won, LG

Added.

The second-quarter report was slightly below the market's

consensus. South Korea's 16 brokerage houses expected

LG Electronics to post an operating profit of 8.3 trillion won,

along with sales of 15 trillion won, according to Yonhap

Infomax.