LG Electronics estimated its third-quarter operating profit jumped 82.2 percent to Won 516 billion  (USD 454 million) on strong sales of premium home appliances and televisions. Sales at the company rose 15.2 percent to Won 15.2tn in the three months ended September 30, driven by large-size premium TVs and high-end washers and refrigerators. The robust sales of TVs and home appliances are expected to propel the world’s second-largest TV maker after Samsung Electronics to post record earnings for the full year 2017. Analysts estimate operating profit margins of the company’s TV and home appliance business at more than 8 percent. But LG could face trouble in increasing home appliance exports to the US after the US International Trade Commission — a federal agency that investigates trade issues — ruled last week that large washing machines exported by South Korean companies such as Samsung and LG caused “serious injury to the domestic industry.” The ruling came in response to Whirlpool’s petition filed earlier this year and the ITC will soon decide what remedy to impose against the Korean companies, such as tariffs, trade restrictions or other measures. Meanwhile, the mobile division of LG Electronics is believed to have posted losses for the tenth consecutive quarter as it remained squeezed by lower-cost Chinese rivals and premium competitors such as Samsung and Apple. LG Electronics recently launched its latest premium smartphone V30 but the model has not contributed to the company’s earnings much. Analysts estimate the company’s third-quarter losses from the mobile division at about Won200bn. Shares of LG Electronics closed down 1.94 percent at Won80,800, underperforming the Kospi benchmark index which gained 1.64 percent. – Financial Times