LG Q2 2019 profits down 67.5% YoY, mobile sales down 21.3% YoY

LG Electronics has reported revenues of 15.63 trillion won (US$ 13.40 billion) for the second quarter that ended June 30, 2019, which is down 15.4% compared to the same quarter last year. It posted profits of 652.3 billion won (US$ 559.4 million), down 15.4% YoY, while net profit was down 67.5% YoY to 106 billion won. Continue reading “LG Q2 2019 profits down 67.5% YoY, mobile sales down 21.3% YoY”

Samsung and LG earnings guidance reveal decline in profits in Q2 2019

Korean giants Samsung and LG reported earnings guidance for the second quarter of 2019. Both the companies have reported drop in profits for the quarter.

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