Tuesday, July 10, 2007

LG.Philips Posts First Profit in Five Quarters on Higher Flat-Panel Prices

(Bloomberg) -- LG.Philips LCD Co., the world's
second-largest maker of liquid-crystal displays, reported its
first profit in five quarters after prices of monitor and
notebook panels rose.

Net income was 228 billion won ($248 million) in the three
months ended June 30, from a record loss a year earlier, Seoul-
based LG.Philips said today in a regulatory filing. Sales,
including overseas affiliates, rose 45 percent to 3.36 trillion
won. Profit beat analysts' estimates.


Read more at Bloomberg Emerging Markets News

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