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LG posts highest quarterly profits in 9 years in Q1 2018, continues to narrow smartphone losses

LG Electronics has reported revenues of 15.12 trillion won (US$ 14.1 billion) for the first quarter that ended March 31, 2018, which is up 3.2% compared to the same quarter last year. It has posted profits of 1.11 trillion won (US$ 1.03 billion), up 20% YoY, highest first-quarter profit and revenue in company history and the highest quarterly profitability since the second quarter of 2009. The LG Home Appliance & Air Solution Company and the LG Home Entertainment Company reported their...
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