LG Electronics has reported revenues of 15.7 trillion won (US$ 13.15 billion) for the third quarter that ended September 30, 2019, which is up 1.8% compared to the same quarter last year. It posted profits of 781.4 billion won (US$ 654.4 million), up 19.79% YoY, while net profit was down 30.45% YoY to 345.7 billion won. Decrease in profits is primarily due to losses from mobile communications in the quarter, even home appliance, home entertainment and business solutions business units posted strong results. Continue reading “LG Q3 2019 profits down 30.45% YoY due to weak smartphone sales”