LG Elec cuts Q2 operating profit by 21% after GM Bolt EV recall


FILE PHOTO: A man talking on his phone walks past the logo of LG Electronics during Korea Electronics Show 2016 in Seoul, South Korea, October 27, 2016. REUTERS/Kim Hong-Ji/File Photo

SEOUL (Reuters) -South Korea's LG Electronics Inc said on Tuesday it has revised down its second quarter operating profit by more than a fifth to reflect a provision for recall costs for General Motor Co's Bolt electric vehicles (EVs).

It said operating profit for the three months to end-June was now 878 billion won ($763.56 million) from a previously announced 1.1 trillion.

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