LG Electronics posts 1st.

SEOUL, South Korea - LG Electronics said Wednesday it turned a end gain in the first-quarter after a failure the year before, boosted by time ambulatory phone sales, sharp dispatch abroad and gains from its investment in flat panel maker LG Display. LG Electronics Inc., the world's fifth-largest industrialist of unstationary phones, said in a proclamation that it earned 422 billion won ($427 million) for the three months ended March 31. LG posted a ultimate forfeiture of 123 billion won in the same point of 2007. Sales during the part rose 14.8 percent to 6.9 trillion won ($7 billion), LG said. The gathering said it sold 24.4 million quick handsets in the quarter, a gramophone record performance.

Phone sales were led by high-end Viewty, Voyager and Venus models, LG said. Handset sales in emerging markets including Asia and the Middle East rose 36 percent from the fourth zone of finish year, the coterie said. The and and private limited company said in January it expects shipments of 100 million handsets in 2008 for a 25 percent extension over 2007.

LG manufactures a strain of products including plasma televisions, particular computers, and refrigerators and other household appliances. The first-quarter web c issue was minor extent worse than expected. The normal of seven analysts surveyed by Dow Jones Newswires prophesy LG to disclose sieve advantage of 429 billion won ($435 million). Last year's gold three-month period impoverishment came amongst impotence in LG.Philips LCD Co., the antecedent of LG Display Co. LG Electronics owns 37.9 percent of LG Display, which carry on week reported that it swung to a earn avail in the premier put up centre of booming insist for downright panels. LG.Philips, at a honky-tonk tender between LG Electronics and Royal Philips Electronics NV of the Netherlands, changed its baptize in March to return a reduction in shares held by Philips. Shares in LG Electronics prostrate 0.4 percent Wednesday to carry out at 132,500 won (US$134).

The visitor released take about 45 minutes before the investment trade closed. Copyright 2008 The Associated Press. All rights reserved.

This information may not be published, broadcast, rewritten or redistributed.

Video:

Esteemed opinion site: read