Third-quarter operating profit rose to 218 billion won, below a consensus forecast of 306 billion. The profit compared with 171 billion won a year ago and 479 billion won in the second quarter.

LG, the world's third biggest smartphone maker, said its handset operation made an 80 billion won loss, versus a 4 billion won loss a year ago and a 61 billion won profit in the second quarter.

LG is among a slew of global minnows which are struggling to compete against Samsung Electronics Co Ltd and Apple Inc, the smartphone leaders that account for almost all the industry's profits.

(Agencies)

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