The preliminary figure for consolidated operating profit amounted to 493.1 billion won (412.5 million U.S. dollars) in the April-June quarter, down 24.4 percent from a year earlier.
Revenue slumped 17.9 percent over the year to 12.83 trillion won (10.7 billion U.S. dollars) in the second quarter.
The double-digit reduction came as the coronavirus pandemic caused the closedown of factories and offline stores, worsening the earnings of LG that depends heavily on consumer electronics for profit.
The second-quarter profit beat market expectations of about 430 billion won (360 million U.S. dollars) owing to the reopening of offline stores in Europe and the United States in June.
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