Seoul, July 8 (TIWN) LG Electronics on Thursday estimated its second-quarter operating profit decreased 12 per cent year-over-year on weaker demand for TV and home appliances amid rising inflation and raw material costs.

Its earnings guidance for the April-June period showed the tech company's operating profit declined 12 percent from a year ago to 791.7 billion won ($610.5 million).  The operating profit was 1.2 per cent lower than the average estimate, according to the survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.