Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

LG.Philips Faces Q3 Loss
Oct 4, 2006
 Printable format
 Email this Article
 Search

Flat-screen maker LG.Philips LCD. Co. Ltd. is expected to report a loss for the second quarter in a row, as it struggles with weak prices and high costs for its mainstay TV panels, according to Reuters.

LG.Philips is likely to continue this loss until early 2007, despite its efforts to cut spending and boost output of higher-margin monitor panels.

The company has been feeling the brunt of heavy depreciation costs and inventories, while home rival Samsung Electronics Co. Ltd. and Taiwan's AU Optronics Corp. enjoy growing demand for LCD panels for TVs and monitors.

Analysts estimate about a 10 percent fall in LG.Philips average panel prices in the third quarter, after an 18 percent slide in the second quarter.

LG.Philips, a joint venture between South Korea's LG Electronics Inc. and Dutch company Philips NV, is expected to report a net loss of 318.2 billion won (approx. U.S. $335.8 million) for the quarter ended in September, according to 10 analysts surveyed by Reuters.

Back to Daily News

 

Daily News

...........................................................

Oct 21, 2014: AHRI Annual Meeting Registration Remains Open

Oct 20, 2014: Electrolux 3Q Operating Income up 29%

Oct 17, 2014: Whirlpool completes purchase of majority interest in Indesit

Oct 17, 2014: Corrected: AHRI Annual Meeting Registration Remains Open

Oct 17, 2014: Walmart will moderate brick-and-mortar growth and increase capital spending on e-commerce capabilities

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows