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LG Electronics builds smart hotels with Marriott

LG Electronics has formed a strategic partnership with Marriott International to jointly develop hotel TVs and a cloud-based platform integrating in-room content and services, it said on Tuesday. The companies recently signed an MOU at Marriott\'s headquarters in Bethesda, Maryland, to enhance in-room entertainment and technology platforms. The new platform will first be applied to 40 Marriott hotels in the United States and Canada, and later expanded across Marriott\'s global brands.

Industry

LG Electronics posts Q2 operating profit of 1.58 trillion won, up 147 percent year on year

LG Electronics posted its highest-ever second-quarter sales and operating profit, reporting revenue of 23.83 trillion won and operating profit of 1.58 trillion won. Sales rose 14.9 percent and operating profit jumped 147 percent from a year earlier. Revenue edged up from the previous quarter, while operating profit fell. The company said growth was led by home appliances, supported by sports events and vehicle solutions, with profitability helped by cost efforts and a one-off tariff refund.

Industry

LG Electronics posts Q2 operating profit of 1.58 trillion won, up 147 percent year on year

LG Electronics said on Monday it posted second-quarter consolidated revenue of 23.83 trillion won and operating profit of 1.58 trillion won, both record highs for a second quarter. Revenue rose 14.9 percent and operating profit jumped 146.9 percent from a year earlier. First-half revenue totalled 47.56 trillion won and operating profit was 3.25 trillion won. The company cited stronger premium sales and higher-margin businesses.