LG Electronics announced unaudited consolidated earnings results for the three month period ended June 30, 2007. LG posted record high sales in the second quarter 2007, it said, thanks to Mobile Communications and Digital Appliance business. The company recorded sales of KRW 10,430 billion (US 11.2 million) on a global basis, which rose 12.6% from KRW 9,260 billion ($9.7 million) a year earlier, and KRW 5,903 billion ($6.3 million) on a parent basis.
For the third quarter of 2007, the company said it hopes for continued growth in the handset business, including emerging and developed markets will lead to stable shipments. LG said that a full-scale global marketing plan for growing demands in 40 inches and larger flat panel TVs and value-added IT products will improve the company's overall profitablity.