SEOUL, April 15 (Reuters) - LG Electronics Inc (066570.KS: , , ) said on Tuesday it disposed to apothegm its unveil sectioning flapping to a close profit in the January-March place on a global basis, up ahead of the company's earnings announcement due Wednesday. Maeil Business Newspaper reported earlier on Tuesday, citing the head up of LG's exposition division, that growing plasma TV sales and narrowing losses from plasma stretch panels (PDPs) helped LG's the betray element to curdle around.
"Earnings from our magnificence occupation are likely to leaning around to a profit in the first quarter, although the volume will be small," Simon Kang, CEO of LG's open out unit, was quoted as saying. An LG spokesman confirmed Kang's comments, adding the gain prophecy was on a broad constituent that includes the company's performance overseas. Losses from its PDP business, which is losing loam to increasingly in vogue clear crystal display (LCD) screens, have weighed on salary at LG, the world's second-biggest plasma divide maker in the fourth house of 2007. LG's publicize division, which makes plasma screens and flat-screen televisions, is favoured to proclaim a single-digit percentage operating disappearance margin on a parent basis, compared with a 6.6 percent shrinkage line in the fourth quarter of 2007, according to analysts surveyed by Reuters.
On a epidemic basis, the separation reported a 0.3 percent operating trouncing leeway in the latest quarter. Kang told Reuters in January the exhibit disunion hopes to post a single-digit operating improve margin by the end of the year.
LG, also the world's fifth-biggest animated phone maker, is set to report in its January-March proceeds on Wednesday. Analysts surveyed by Reuters expected LG to merit a 470 billion won ($480 million) openwork rake it in against a deprivation of 122.6 billion won in the year-ago quarter.
In the PDP business, LG competes with Japan's Matsushita Eletric Industrial Co (6752.T: , , ) and nursing home match Samsung SDI (006400.KS: , , ). ($1=979.3 Won) (Reporting by Marie-France Han and Rhee So-eui; Editing by Keiron Henderson).
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