- Tag results for LG Electronics
The mobile division reported a 136 billion won loss, its fourth consecutive quarterly loss and smaller than the previous quarter's 213 billion won loss.
LG is expecting India to be one of its global manufacturing hubs to cater to the markets of South Asia, Africa, and the Middle East, a top company official said.
The company said its home appliances and air solution division posted an operating profit of 423 billion won, sharply up 26.1 per cent from a year earlier.
Their joint research will focus on developing 5G which could deliver data at a much faster speed than the current wireless technology and is seen as crucial for autonomous vehicles.
South Korea's LG Electronics Inc said continued losses in its mobile unit limited growth in second-quarter profit to 13.6 percent, as the firm prepares to release a handset in the next quarter.
LG Electronics on Monday released a new light tablet PC which supports the long-term evolution (LTE) network connectivity and offers improved portability.