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Oct 24, 2012, 01.35 PM IST
LG Electronics Inc, the world's No.2 TV maker, swung to a third-quarter profit as its mobile phone business reported a surprise return to the black on a stronger product line-up, although its powerhouse TV division lost momentum.
July-September operating profit came in at 221 billion won from a 32 billion won loss a year ago, above a consensus forecast of 172 billion won by 13 analysts surveyed by Reuters. The result was down on a profit of 349 billion won in the previous quarter.
LG has suffered in recent years along with handset rivals such as Nokia
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