The logo of LG Electronics is seen on a flag outside the company's Seoul headquarters in this undated photo. Yonhap

LG on Thursday reported its first-quarter net income of 368.4 billion won ($268.9 million), down 20.7 percent from a year earlier.

The company said in a regulatory filing that operating profit for the January-March period fell 16.3 percent on-year to 422.6 billion won. Revenue decreased 1.5 percent to 1.62 trillion won. (Yonhap)