LG Electronics said on Friday it expects third-quarter operating profit slipped 3.7 percent from a year earlier, as the company was likely hit by continued losses at its mobile division. LG said in a brief regulatory filing it expects July-September operating profit to be 283 billion won ($254.53 million).

The firm plans to release full earnings by the end of October. It had previously guided for its third-quarter operating profit to be higher than a year earlier.

Revenue for the period fell 5.8 percent to 13.2 trillion won.

LG's mobile division likely reported further losses during the quarter in the absence of new products to revive sales. Meanwhile its household appliances business could have been capped by weaker seasonal demand for air conditioners, they said.

LG launched its new V20 smartphones in South Korea on Sept. 29 for 899,800 won ($810).