LG Q2 2016 profits up 140% YoY, mobile revenue down due to weak G5 sales

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LG Electronics has reported revenues of 14 trillion won (US$ 12.05 billion) in Q2 that ended June 30, 2016, which is up 0.6% compared to the same quarter last year with operating profit of 584.6 billion won (US$ 503.10 million), up 140% from the same period the previous year, mainly due to strong growth in Home Appliance & Air Solution and Home Entertainment sectors. Continue reading “LG Q2 2016 profits up 140% YoY, mobile revenue down due to weak G5 sales”