LG Electronics Claims Unexpected Q1 profit Rise Of 20%

Beating the market prediction, South Korea Electronics maker LG Electronics Inc is expecting quarter operating profit to rise 20 per cent from previous year.

LG estimated January-March profit at 1.1 trillion won ($1.03 billion) versus a Thomson Reuters StarMine SmartEstimate of 935 billion won from a poll of 16 analysts.

Revenue likely climbed 3 percent to 15.1 trillion won, compared with a 15.4 trillion won projected by SmartEstimate, which gives greater weight to recent estimates by analysts who are more consistently accurate.

The firm will disclose full results at the end of April.