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LG Electronics Posts Net Profit
Apr 17, 2008
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LG Electronics said it turned a net profit in the first-quarter after a loss the year before, boosted by record mobile phone sales, strong performance overseas, and gains from its investment in flat panel maker LG Display. It earned 422 billion won (approx US$427 million) for the three months ended March 31. LG posted a net loss of 123 billion won in the same quarter of 2007. Sales during the quarter rose 14.8 % to 6.9 trillion won ($7 billion), and the company said it sold 24.4 million mobile handsets in the quarter, a record performance.

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