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LG Electronics Q3 Profit More Than Doubles on Mobile Strength

by Reuters

South Korea’s LG Electronics Inc on Wednesday said its third-quarter profit more than doubled from a year earlier, beating expectations thanks to a pickup in its mobile business and firm television sales.

LG reported July-September operating profit of 461 billion won ($440.21 million), compared with 218 billion won a year ago and a 454 billion won mean estimate from a Thomson Reuters I/B/E/S poll of 36 analysts.

(1 US dollar = 1,047.2200 Korean won)

(Reporting by Se Young Lee; Editing by Stephen Coates)

This article originally appeared on Recode.net.

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