LG Electronics Q4 operating profit down 91.2% in Q4

Seoul: LG Electronics estimated its fourth-quarter operating earnings at 65.5 billion won ($51.6 million), down 91.2 per cent from a year earlier.

Revenue increased 5.2 percent on-year to 21.85 trillion won, marking a quarterly high, according to the earnings guidance released by the company. But it did not release the data for net income.

The operating profit was 79.5 percent lower than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.