ID :
25568
Mon, 10/20/2008 - 14:37
Auther :
Shortlink :
https://www.oananews.org//node/25568
The shortlink copeid
LG Electronics Q3 net down 93 pct on weaker demand
SEOUL, Oct. 20 (Yonhap) -- South Korea's LG Electronics Inc. reported Monday that
its third-quarter earnings plunged more than 90 percent from a year ago due to a
decline in consumer demand and the depreciation of the local currency.
Net income reached 24.9 billion won (US$19 million) in the three months ended
Sept. 30, down 92.7 percent from a year earlier, the company said in a regulatory
filing.
Sales, however, rose 21 percent on-year to 6.89 trillion won, and its operating
profit more than doubled to 337.6 billion won, the company said.
its third-quarter earnings plunged more than 90 percent from a year ago due to a
decline in consumer demand and the depreciation of the local currency.
Net income reached 24.9 billion won (US$19 million) in the three months ended
Sept. 30, down 92.7 percent from a year earlier, the company said in a regulatory
filing.
Sales, however, rose 21 percent on-year to 6.89 trillion won, and its operating
profit more than doubled to 337.6 billion won, the company said.
