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.


Latest News  from Business News Desk