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LG Electronics posts US$ 845 mil. operating profit in Q3, up 22.7% y/y
Updated: 2020-10-30 16:03:23 KST
The past three months for South Korean tech giant LG Electronics were the best third quarter the company's ever had.
LG says operating profit came to about 845-million U.S. dollars.
That's a jump of almost 23 percent from the same period a year earlier and is also the company's third best quarterly profit of all time.
Sales were also the best they've ever been for Q-3.
At just under 15 billion dollars, sales were up about 8 percent from a year earlier.
Analysts say LG's earnings surprise was largely thanks to solid global sales of TVs and home appliances as consumers spent what they had held back in the quarters before.
Reporter : jy_rachel@arirang.com