SEOUL: South Korea's LG Electronics Inc said on Wednesday its January-March profit fell 36.2 percent from a year earlier, missing expectations as deteriorating economic conditions in key markets undercut its television business.
LG reported a first-quarter operating profit of 305 billion won ($285.47 million), compared with a 319 billion won mean estimate from a Thomson Reuters I/B/E/S survey of 35 analysts.
The outlook for the world's second-largest TV maker after Samsung Electronics Co Ltd has darkened due to Western Europe's prolonged economic downturn and currency depreciation in key emerging markets like Brazil and Russia.
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