LG-Q1 earnings

LG Q1 net profit down 65.5 pct to 464.6 bln won

SEOUL, May 11 (Yonhap) -- LG Corp. on Thursday reported its first-quarter net profit of 464.6 billion won (US$351.3 million), down 65.5 percent from a year earlier.

The company said in a regulatory filing that operating profit for the January-March period fell 39 percent on-year to 504.9 billion won. Sales decreased 7.6 percent to 1.64 trillion won.

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