LG Electronics says 2014 profit up 46%, meets estimates


LG Electronics says its 2014 operating profit rose 46% from a year before to US$1.66bil - AFP Photo.

SEOUL: South Korea's LG Electronics Inc on Wednesday said its 2014 operating profit rose 46% to 1.8 trillion (US$1.66bil), buoyed by strong demand for television sets as well as a turnaround in its smartphone business.

The result was largely in line with analysts' estimates for a 1.9 trillion won profit. LG said it made a 1.2 trillion won profit in 2013.

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