LG's profits slump as fat panels slim down

In brief: Not so brilliant display

By INQUIRER staff

Tue Jan 23 2007, 10:24

KOREAN GIANT LG said its net profits fell in its fourth quarter by a staggering 85 per cent as it blamed price erosion in its flat panel business.

It turned in a net profit of W48.2 billion down from W312.2 billion in the same period last year, and its display division turned in a loss. µ

LG reports profits in TV and smartphone markets Reduces overall net loss Wednesday, 1 February 2012, 11:07 AM Read more	Samsung Galaxy Note review A great hybrid for those who don't want a standalone tablet Friday, 16 December 2011, 14:30 PM Read more
Nokia reports another losing quarter But dual SIM feature phone sales are strong Thursday, 20 October 2011, 17:07 PM Read more	Acer PC shipments plummet by as much as 34.9 per cent Computer giant is knocked into fourth place after a poor second quarter Thursday, 14 July 2011, 13:28 PM Read more
LG cuts its mobile phone sales forecasts Still can't get the hang of smartphones Thursday, 7 July 2011, 15:20 PM Read more	Sony Ericsson reveals a 47 per cent drop in profits Things go from bad to worse Tuesday, 19 April 2011, 15:27 PM Read more

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LG's profits slump as fat panels slim down

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