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LG Corp. profit misses consensus by 23.5% in Q2

LG Corp. said its normalized net income for the second quarter came to 253.81 billion won.

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

The normalized profit margin was 10.2%.

Total revenue came to 2.682 trillion won, and total operating expenses totaled 2.264 trillion won.

Reported net income totaled 347.20 billion won, or 2,013.17 won per share.

As of Aug. 16, US$1 was equivalent to 1,094.67 South Korean won.