July 24, 2013 / 7:29 AM / 5 years ago

LG Electronics sees third quarter profit growth on firmer smartphone sales

SEOUL (Reuters) - LG Electronics Inc on Wednesday forecast a year-on-year increase in its current third-quarter profit and revenue, driven by firmer sales of smartphones, as it plans to introduce its flagship G2 smartphone model next month.

A visitor takes a photograph of LG Electronics' TV set during World IT show 2013 at the Coex convention centre in Seoul May 22, 2013. REUTERS/Kim Hong-Ji

Profits and revenues, however, were expected to decline from the second-quarter due to weaker seasonal demand for home appliances and air conditioners, the company said.

The South Korean firm had earlier reported a better-than-expected 9 percent drop in quarterly profit.

Reporting by Miyoung Kim; Editing by Miral Fahmy

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