Its jubilation time for Korean chaebol LG Electronics as its net pro
fit for Q2 2007 stands at $420.1 million, highest in the last three years. Last time, the highest profit posted by the company was in Q2, 2004 when the profits were $530 million. The LCD venture and the mobile phone business of the company proved good for the sales but the plasma business was the culprit. As compared to previous quarter, sales of plasma displays witnessed a fall of 16%. Phones sales on the other hand increased from 15.8 million units in Q1 to 19.1 million.
For Complete IIPM Article, Click on IIPM Article
fit for Q2 2007 stands at $420.1 million, highest in the last three years. Last time, the highest profit posted by the company was in Q2, 2004 when the profits were $530 million. The LCD venture and the mobile phone business of the company proved good for the sales but the plasma business was the culprit. As compared to previous quarter, sales of plasma displays witnessed a fall of 16%. Phones sales on the other hand increased from 15.8 million units in Q1 to 19.1 million.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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