LG Electronics’ Q1 net income down 14.5% y/y to USD687 million
VC segment sales drops marginally, operating loss widens
LG Electronics’ net income declined 14.5% year-over-year (y/y) to KRW729.9 billion (USD686.9 million) in the first quarter ended 31 March 2018, the company said in a press release late last month. Sales increased 3.2% y/y to KRW15.12 trillion. The company recorded 20% y/y growth in operating income to KRW1.1 trillion.
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