LG Electronics gains on mobile phone sales
Revenue Reports April 17th, 2008
LG Electronics gains on mobile phone sales
LG Electronics has said that they have posted a net profit in the first quarter mostly due to impressive sales of their mobile phones.
The company had posted a loss in the same period previous year.
LG also gained from its investments in the LG Display market.
The company earned 422 billion won in the recent quarter compared to a net loss of 123 billion won in the same period last year.
LG CFO Jung Do-hyun said in a statement: “We expect handset sales to exceed 100 million in 2008.”
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Tags: LCD, LG, LG Electronics, mobile devices, Revenue Reports, Revenues
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