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

CORRECTED:LG.Philips aims to make 11 mln modules by '11

(Reuters) - The plant, located in Kobierzyce near Wroclaw in southwestern Poland, will mainly assemble liquid crystal display panels over 32 inches in order to supply makers of flat screen TVs.

The total investment for the plant is estimated at 429 million euros through the year 2011.


Read more at Reuters.com Business News