TITLE

LG Profits Sink, Sales Still Strong

AUTHOR(S)
Dreyfuss, Joel
PUB. DATE
October 2008
SOURCE
Red Herring;10/21/2008, p13
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the financial performance of LG Electronics in the third quarter of 2008. The South Korean electronic manufacturer saw its net profits decline 93 percent, mostly because of currency-related losses. However, LG said that strong sales in mobile phones boosted its operating profits, which rose to 571 billion won, 58 percent over the same period last year.
ACCESSION #
36603039

 

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