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LG boosted by flatscreen success

October 24th, 2006 · No Comments

In its third quarter financials, LG Electronics reported improvements to sales and earnings. Sales leapt 4.5 percent to 6.054 trillion Won from the 5.796 trillion won of the previous quarter, while operating profit rose 3.5 percent to 197.2 billion won. The move forward was propelled by strong turns from its mobile and display arms (“primarily due to large size digital TVs and cost reduction efforts”), with plasma and LCD TVs sales revealing an 18.9 percent bump quarter-on-quarter.

Tags: LCD TV · Plasma · Trade

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