LG Electronics posted an operating profit of 584.6 billion won, a rise of 139.5 percent from a year ago, backed by strong sales of TVs and home appliances. Howevr, the company's mobile division saw an operating loss of 153.5 billion won ($136 million), due to an increase in marketing costs and poor sales of its flagship G5 smartphone, the company said.

Overall smartphone shipments increased 3 percent from the previous quarter with a total of 13.9 million smartphones shipped in the second quarter. LG expects the launch of the new V series and expanding sales of mass-tier K and X series models to improve the business unit’s performance next quarter.