Wednesday, July 18, 2007

LG Elec swings to Q2 profit on LCD venture, phones

(Reuters) - The result widely beat a 215 billion won profit forecast by eight analysts polled by Reuters.




LG, which competes with local rival Samsung Electronics Co. Ltd. in handsets, TVs and appliances, is likely to enjoy a stronger second half as a recovery at its liquid crystal display joint venture, LG.Philips LCD Co. Ltd. , is set to continue.


Read more at Reuters.com Market News

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