LG Electronics Posts Record Profit

Posted: July 26, 2009 in Tech

LG Electronics announced that its second-quarter net profit surged 62 percent to a record high of more than 1 trillion won despite the global economic gloom.

LG earned 1.15 trillion won ($921 million) in the three months ended June 30. Its net profit remained at 707 billion won a year ago.

Sales in the April-June quarter rose 17 percent to a record 8.48 trillion won from 7.23 trillion won a year earlier.

The result was boosted strongly by sales of mobile handsets and flat-screen televisions.

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