LG Electronics Inc. on Friday estimated its first-quarter operating earnings at 1.33 trillion won (US$984.9 million), down 11 percent from a year earlier.

Sales increased 3.3 percent to 21.09 trillion won. The data for net profit was not available.

The operating profit was in line with the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.

The company will release its final earnings report later.

Source: Yonhap News Agency