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LG Electronics' Q2 earnings beat expectations on brisk smartphone sales
Last Updated: 2014-07-24 14:58 | Global Times
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LG Electronics, the world's No. 3 smartphone maker, said on Thursday that its second-quarter earnings beat market expectations on brisk sales of its flagship smartphones.

The tech giant's operating profit jumped 26.5 percent from a year earlier to 606.2 billion won (590 million US dollars) in the second quarter. From three months ago, the profit expanded 20. 3 percent.

The figure beat a market consensus of some 550 billion won as the Mobile Communication (MC) division, which makes smartphones, turned into black with an operating profit of 85.9 billion won.

The phone-making unit recorded operating deficits in the past three quarters to the first quarter due to a burden from higher marketing costs.

Sales grew 0.9 percent from a year earlier to 15.37 trillion won in the second quarter. From three months before, the revenue increased 7.7 percent.

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