By: Benzinga
April 24, 2013 at 04:32 AM EDT
LG Electronics Q1 Net Profit Drops 91%
LG Electronics reported a 91% drop in its first-quarter net profit. LG Electronics' quarterly net profit slumped to 22 billion won ($20 million), versus KRW247.5 billion, in the year-ago period. Its operating profit dropped 13% to KRW349 billion from KRW402.7 billion, while revenue gained 6.8% to KRW14.1 trillion from KRW13.2 trillion. However,
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