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After loss, LG sees lower profit, currency risks

By Youkyung Lee
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After loss, LG sees lower profit, currency risks

SEOUL, South Korea (AP) — LG Electronics Inc. is forecasting lower earnings from its mobile business this quarter and risks from swings in Latin American currencies after posting an unexpected loss in the final three months of 2013.

The latest results from LG Electronics, the world’s second-largest TV maker and a major device supplier, underline how it is being squeezed between Japanese competitors and its bigger South Korean rival Samsung Electronics Co.

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