World Economy

LG Expects Quarterly Loss

LG Expects Quarterly LossLG Expects Quarterly Loss

Seoul-based LG estimated on Friday it fell to its first quarterly operating loss in six years in October-December. The world’s second-biggest television maker behind Samsung said it likely swung to a 35 billion won ($29.36 million) loss for the fourth quarter, its first since a bigger loss in the fourth quarter of 2010, AFP reported on January 6. LG said revenue for the quarter likely rose 1.5% to 14.8 trillion won. The firm did not disclose further details on its earnings and will release full results at the end of January.

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