LG Electronics introduced its rebranded logo at electronic displays at the IFC Mall in Yeouido, western Seoul, on May 10. [NEWS1] LG Electronics reported a 6.3 percent decrease in operating profit on year to hit 741.9 billion won ($580 million) in the April-June period, primarily due to one-time costs. The figure was below the market consensus of 963.6 billion won compiled by FnGuide, and also less than what the company announced in its preliminary guidance on July 7. The company said that the quarterly profit dipped due to one-off costs, including a 151 billion won provision related to General Motors' recall of the Chevy Bolt electric vehicle and expenses from a voluntary retirement program earlier this year.

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