LG Electronics has announced results for the three-month period ending 30th June 2010. It reported sales of KRW 14.4 trillion (around £7.8 billion) and operating profit of KRW 126 billion (around £68.1 million). Net profit was down 33% year-on-year.
The LG Mobile Communications Company shipped 30.6 million units in the quarter, up 13% quarter-on-quarter and 2% year-on-year. Sales were up 5.8% on the previous quarter but were down 29.5% year-on-year.
The company says it expects to see modest growth in the third quarter of 2010 with the continuing global economic recovery.