(Reuters) - South Korea's LG Electronics Inc (066570.KS) on Wednesday said its 2014 operating profit rose 46 percent to 1.8 trillion (1 billion pounds), 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 had made a 1.2 trillion won profit for 2013.
For the October-December quarter alone, LG booked a profit of 257 billion won, according to Thomson Reuters calculations based on the electronic goods maker's prior disclosures.
That was slightly below the average forecast of 299 billion won made in a Thomson Reuters I/B/E/S survey of 35 analysts. Earnings for the previous three quarters are subject to revision, however, meaning that LG Electronics could report a different quarterly profit figure.
Source:
http://www.reuters.com/article/2015/01/28/us-lg-elec-results-idUSKBN0L10UN20150128
