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LG mobile losses widen in Q2 as sales fall 19%

2018-07-26 11:10:00| Telecompaper Headlines

(Telecompaper) LG Electronics saw losses at its smartphone business worsen in the second quarter, as the global market weakened and the company suffered from tough competition in the premium and mid-range segments. Revenues at the mobile division declined 19 percent year-on-year to KRW 2.07 trillion, and the operating loss widened to KRW 185 billion from KRW 140 billion a year ago and KRW 136 billion in Q1. 

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