LG G2 smart phone debut in New York, 2013.
Journalists look at the new LG G2 smart phone following its debut at a news conference in New York August 7, 2013.Reuters

With less than a week left before the official LG G5 unveiling at the Mobile World Congress (MWC) 2016, a new LG smartphone has been spotted at a popular performance benchmarking site, hinting that the South Korean company may launch more than one mobile handset at Barcelona.

LG phone (code-named LG-H840) document, understood to be the G5 Lite, being tested at GFXBench has surfaced online revealing key features of the device.

As per the listing (courtesy, Win Future), it sports a 5.3-inch QHD (2560x1440p) and comes with Qualcomm's new 1.8GHz Snapdragon 652 (ARM Cortex A72 x 4 + ARM Cortex A53 x 4) Octa-core processor, Adreno 510 GPU, 3GB RAM, 32GB inbuilt memory and 7MP cameras on both front and back side.

This is the first evidence to emerge on internet to suggest existence of the LG G5 Lite. LG has confirmed to unveil G5 on Feb. 21, but there is no official word from the company on the rumoured G5 Lite.

That being said, many believe that there is a possibility LG might surprise fans by announcing two devices later this week, as most of the time phones which get leaked via benchmarking site get unveiled later or soon.

We believe LG G5 Lite will be unveiled little later in the year because it would be unwise for the company to announce budget model of the flagship phone in the same event. It's a common practice among most smartphone companies to keep a gap of a few months time between marquee devices' and their low-end variant models' launch.

Also read: LG G5 makes a stop at Geekbench; Key features revealed

Stay tuned for more details.