Seoul – South Korea LG Electronics Inc said on Friday that the profits operating the second quarter is expected to reach the highest level in two years, with analysts pointing to strong contribution of the main business of the brand, such as home appliances and TVs.
the second largest manufacturer in the world TVs for participation market, behind compatriot Samsung Electronics Co Ltd said in a document sent to the regulator that profit from April to June should have stayed at 585 billion won (504 billion dollars), compared with the average expectations of 599 billion won 23 analysts in research Thomson Reuters I / B / E / S.
the result would be the highest quarterly profit since the 610 billion the second quarter of 2014 won.
LG did not provide any additional details before the final result set to be released in late July.
Analysts said before the release Friday that the company probably saw strong profit from their business devices due to sales premium products and unusually hot weather in certain markets that boosted demand for air conditioners
Topics:. Asia South Korea , LG , Companies , electronics industry , Korean companies , technology companies , Profit
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