LG Electronics Inc. said its first-quarter normalized net income was 5.14 billion won, compared with income of 173.58 billion won in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin dropped to 0.1% from 1.2% in the year-earlier period.
Total revenue came to 13.994 trillion won, compared with 13.989 trillion won in the prior-year period, and total operating expenses increased on an annual basis to 13.689 trillion won from 13.510 trillion won.
Reported net income came to 2.20 billion won, compared with 59.49 billion won, or 330.37 won per share, in the year-earlier period.
As of April 29, US$1 was equivalent to 1,067.10 South Korean won.
