Showing posts with label LG.Philips LCD Co.. Show all posts
Showing posts with label LG.Philips LCD Co.. Show all posts

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