SEOUL, July 24 South Korea's LG Electronics Inc
said on Thursday its second-quarter profit rose 26.5
percent from a year earlier, beating analyst estimates, as the
company's mobile business ran a profit for the first time in
LG reported April-June operating profit of 606 billion won
($588.92 million), compared with a 524 billion won mean estimate
of 39 analysts polled by Thomson Reuters I/B/E/S.
The world's second-largest TV maker after Samsung
Electronics Co Ltd reported operating profit of 479
billion won a year earlier and 504 billion won in January-March.
The manufacturer said its TV division ran an operating
profit of 154.5 billion won, up from 93.7 billion won a year
prior. Its mobile phone unit ran an 85.9 billion operating
profit versus 61.2 billion won profit.
Shares of LG Electronics extended gains following the
earnings disclosure and were up 2.3 percent versus a 0.2 percent
fall in the wider market.
($1 = 1029.0000 Korean Won)
(Reporting by Se Young Lee; Editing by Christopher Cushing)