Wednesday, July 18, 2007

LG Electronics Reports Highest Profit in Three Years on Prada Phone Sales

(Bloomberg) -- LG Electronics Inc., Asia's second-
largest maker of mobile phones, reported its highest profit in
three years, driven by sales of its Shine and Prada handsets.

Second-quarter net income was 384.6 billion won ($420
million), compared with a loss of 9.7 billion won a year earlier,
Seoul-based LG said in a regulatory filing today. Sales rose 1.8
percent to 5.9 trillion won.


Read more at Bloomberg Emerging Markets News

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