First-quarter operating further jumped 21-fold to 605 billion won ($611 million), Seoul-based LG said today in a statement, Electronics.

April 16 (Bloomberg) -- , the best performing roots amongst the world's worst mobile-phone makers, posted yield that round analysts' estimates as sales of its touch-screen models helped handset sales twine to a record. First-quarter operating be advantageous jumped 21-fold to 605 billion won ($611 million), Seoul-based LG said today in a statement, beating the 474 billion won median sense in a Bloomberg study of 12 analysts. Sales rose 17 percent to 11.2 trillion won.

LG's Viewty and Voyager quick phones drove up shipments 54 percent, indicating LG may have passed as the fourth-largest vendor. Its lineup of touch-screen and multimedia models will undoubtedly remedy the Korean ensemble reach as the industry's third-largest entrepreneur this year, according to Merrill Lynch & Co. ''The figures mien very good,'' said , who owns LG shares mid the $3 billion he oversees at KTB Asset Management Co. in Seoul. ''The company's making avail products that hawk well, and some stumbling on the say of Motorola and Sony Ericsson also helps.'' LG closed 0.4 percent diminish at 132,500 won on the Korea Exchange, paring an earlier sip of 3 percent.

The run-of-the-mill has risen 33 percent this year, the best artiste all the world's five-largest responsive phone makers. Net proceeds was 422.2 billion won, compared with a trouncing of 122.6 billion won a year earlier, after the proprietorship booked 236 billion won in currency-related losses.

The median analyst guesstimate was 521 billion won. Passing Sony Ericsson Earnings from quadrupled to 444 billion won, beating the 318 billion won median evaluation in the Bloomberg survey. Sales rose 36 percent to 3.2 trillion won, also beating analysts' estimates. The Korean house said it sold 24.4 million phones during the quarter, surpassing the 22 million that Sony Ericsson projected it would traffic in during the three-month aeon ended March 31.

LG today predicted its shipments this quadrature will go more than 20 percent from the prime quarter, which may ease the comrades outdo its annual butt of 100 million units. Analysts at Citigroup Inc., Morgan Stanley and at least seven other brokers have raised their expense targets on LG's offer in the life month, citing gains in the mobile-phone business. LG is the head notable listed mobile-phone maker to news emolument for the news quarter. , and Motorola are scheduled to rat revenue in April.

Sony Ericsson, the unlisted plunge between and Ericsson AB, said on March 19 that first-quarter wages and take would slump because of slower handset sales. Home Appliances Profit at the dwelling appliance division, which competes against Whirlpool Corp. and Electrolux AB, flatten 15 percent to 144 billion, missing the 161 billion won median guess in the Bloomberg survey. Earnings at the media division, which makes DVD players, rose to 17 billion won from 11 billion won.

The company's disclose operations turned helpful for the foremost day in six quarters, led by flat-panel tube sales. Profit at the dealing was 1 billion won, compared with the 5 billion won median injury thinking in the Bloomberg survey. Contributions from the company's liquid-crystal exposition unit, , helped encouragement profit.

LG Display, in days known as , earlier this month reported first-quarter take in gain of 717 billion won, compared with a year-earlier loss, because of surging LCD demand. Separately, the associates plans to commence solar cells and may chase acquisitions to settle claim for additional energy, Chief Financial Officer David Jung said today in a briefing with analysts.

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