LG Electronics Q3 net nearly doubles on strong TV, home appliance sales
Oct 30, 2020
LG Electronics Inc. said Friday its net profit nearly doubled in the third quarter from a year earlier on the back of strong global demand for its TVs and home appliances amid the coronavirus pandemic. The South Korean tech giant said its net income reached 649.2 billion won ($573.6 million) in the July-September period, up 87.8 percent from 345.7 billion won the previous year. Its third-quarter operating income stood at 959 billion won, up 22.7 percent on-year, while sales reached 16.9 trilli