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date_range 25 April 2012 1:57 PM GMT Updated On
date_range 2012-04-25T19:27:28+05:30LG Electronics posts $394 mn operating profit
text_fieldsSeoul: LG Electronics has posted 448.2 billion won ($394 million) in operating profit for the first quarter, a regulatory filing showed Wednesday.
Consolidated operating profit, which includes profits from its units, reached 448.2 billion won during the January-March period, up 242.52 percent from a year earlier, according to the regulatory filing, reported Xinhua.
Sales contracted 7.08 percent on-year to 12.23 trillion won in the three months ending March 31, but it marked a net income of 242.5 billion won, a turnaround from a net loss of 15.77 billion won in the previous year.
IANS
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