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LG Electronics posts Q2 profit

LG Electronics Inc. said its normalized net income for the second quarter amounted to 155.74 billion won.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 1.1%.

Total revenue came to 13.926 trillion won, and total operating expenses totaled 13.682 trillion won.

Reported net income came to 189.50 billion won.

As of July 29, US$1 was equivalent to 1,158.39 South Korean won.