Sunday, February 17, 2008

[ News, Economy / Industry, January 14 2008] LG.Philips swings to black in Q4 earnings

LG.Philips LCD Co., a global liquid crystal display making giant, reported Monday (Jan. 14) it entered the black in the fourth quarter of last year thanks to stable flat-panel prices and successful cost-cutting efforts.

Net profit amounted to 760 billion won (US$810.6 million) during the three months ended on Dec. 31, compared with a loss of 174 billion won recorded a year earlier, the South Korea-based company said in a regulatory filing.

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