LG Electronics has reported revenues of 15.43 trillion won (US$ 13.76 billion) for the third quarter that ended September 30, 2018, which is up 1.3% compared to the same quarter last year. It posted profits of 748 bilion won (US$ 667.7 million), up 45% YoY, while net profit was 497.1 billion won (US$ 436.5 million) from 336.1 billion won, up 47.9% YoY. Increase in profits is due to strong returns from the home appliances business, however mobile sector has continued to post losses. Continue reading “LG Q3 2018 profits up 47.9% YoY as mobile losses narrow”