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LG Hellovision Q1 revenue 255.4 billion won, down 18.5 percent year on year

LG Hellovision said on Wednesday its first-quarter revenue fell 18.5 percent from a year earlier to 255.4 billion won, while operating profit dropped 28.4 percent to 5.1 billion won. Net profit was 3.0 billion won. It cited a shrinking education smart device supply market, weak paid TV demand and regional business portfolio adjustments. Operating profit improved 13.0 billion won from the previous quarter, turning positive.