LG’s Q2 2020 profits down 24.1% YoY, Mobile losses continue

LG Electronics has reported revenues of 12.83 trillion won (US$ 10.51 billion) for the second quarter that ended June 30, 2020, which is down 17.9% compared to the same quarter last year. It posted profits of 495.4 billion won (US$ 405.65 million), down 24.1% YoY. “The resilient company managed its supply chain and cost structure to weather the storm of the global public health and economic crises,” said the company. Continue reading “LG’s Q2 2020 profits down 24.1% YoY, Mobile losses continue”