LG Electronics Posts 3rd-Quarter Profit on Phone Earnings
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LG Electronics Inc., South Korea’s second-largest mobile-phone maker, posted a profit in the third quarter on earnings from handset sales and higher demand for home appliances such as washing machines and refrigerators.
Net income was 157.1 billion won ($142 million) in the three months ended Sept. 30, compared with a loss of 413.9 billion won a year earlier, Seoul-based LG said in a statement today. The average of 22 analyst estimates compiled by Bloomberg was for a profit of 158.6 billion won.