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LG sees profits slump again
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Old 28th October 2016, 07:18   #1
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Default LG sees profits slump again

Mobile kills off nice display

Troubled phone maker LG has seen its third-quarter operating profit fell 3.7 percent from a year earlier.

Once again its bottom line is being dragged down by a record quarterly loss for its mobile division. The outfit said in a regulatory filing its July-September profit was $248 million which was pretty much the misery it predicted earlier this year. Revenue for the quarter dropped 5.7 percent.

http://fudzilla.com/news/mobile/4195...ts-slump-again
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