India, July 7 -- Shares of LG Electronics Ltd. were losing around 3 percent in the South Korean trading after the consumer electronics major reported Monday weak operating profit and revenues in its second quarter amid an unfavorable business environment.
In its preliminary second-quarter results, the company reported operating profit of 639.1 billion Korean Won, and consolidated revenue of 20.74 trillion won, both lower than the prior year.
According to the firm, the slowdown reflected continued weakness in consumer sentiment across major markets and an increasingly challenging external environment.
In particular, changes in U.S. trade policy led to higher tariff costs and intensified market competition, further weighing on performance....