LG Electronics expects to post a record-high performance for the second quarter, buoyed by "balanced qualitative growth" in its main household appliance business and business-to-business(B2B) activities, considered to be a new growth engine.

According to the company on Friday, it tentatively recorded nearly one-point-two trillion won, or 870 million U.S. dollars, in operating profit between April and June, up 61-point-two percent from a year earlier.

Sales jumped eight-point-five percent on-year to 21-point-seven trillion won, with both tentative figures reaching an all-time record for the three-month period.

According to Yonhap Informax, the financial arm of Yonhap News, five local securities firms forecast LG Electronics to post an operating profit of around one-point-05 trillion won, up 41 percent on-year, and sales of 21-point-five trillion won, up seven-point-five percent.

LG's sales during the first quarter surpassed 40 trillion won for the third consecutive year, while its operating profits exceeded two trillion won for the fourth straight year.