LG announces third quarter financial results

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LG Electronics today announced third-quarter 2013 consolidated revenues of KRW 13.89 trillion (USD 12.51 billion). LG saw a 27 percent increase in third-quarter operating profit to KRW 217.80 billion (USD 196.34 million) compared with the same period last year mainly due to the increase in mobile device sales (24%).

The LG Home Entertainment Company reported revenues of KRW 5.01 trillion (USD 4.50 billion), a 7 percent decline from the same period a year ago. Operating profit of KRW 124.40 billion (USD 111.68 million) increased both year-over-year and quarter-over-quarter as a result of more efficient use of operating and marketing expenses.

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