South Korea's LG Electronics third-quarter operating profit recovered to well above $200 million, defying market expectation as the consumer electronics giant’s four main business divisions all finished in the black, with the handset division newly swinging into profit.
Nevertheless, the company lowered its sales target for the year to $23 billion despite the positive 3rd Q result.
The robust operating profit is attributable to the strong performance of the handset division, also the biggest contributor to the company's sales.
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