South Korea's LG Electronics Inc said on Thursday that its October-December profit rose 28 percent from a year earlier, but fell slightly below market expectations due to weaker profit from its television business.
LG, the world's No. 2 TV maker, said operating profit for the fourth quarter was 275 billion won ($251.46 million), compared with 214 billion won a year earlier and 461 billion won in the third quarter.
The result was slightly below the average estimate of 299 billion won in a Thomson Reuters I/B/E/S survey of 35 analysts.
The firm in October said it expected fourth-quarter operating profit to be higher than a year earlier.
($1 = 1,093.6000 won)
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.