LG Innotek profit more than doubles on camera, chip demand

LG Innotek posted a 136 percent jump in first-quarter operating profit, beating expectations as steady demand for smartphone camera modules and high-end semiconductor substrates offset seasonal weakness. The company reported Monday that its operating profit rose to 295.3 billion won ($201 million) in the January-March period, while revenue increased 11.1 percent to a record 5.53 trillion won for a first quarter. Operating profit topped the one-month consensus of 236.9 billion won, according to F

By The Korea Herald