[The Chosun Ilbo, January 25 2008] Strong Phone Business Leads LG to Record Sales

LG Electronics posted full-year sales of more than W40 trillion for the first time in its history (US$1=W953).

The Korean electronics giant said Wednesday it recorded W10.91 trillion in sales and W380.9 billion in operating profit in the fourth quarter of last year, including the performance of its overseas operations. The sales figure is an all-time quarterly high, and the operating profit slightly outperformed market expectations.

The company posted full-year sales for 2007 of W40.85 trillion, an increase of 11.2 percent from 2006. Operating profit was W1.23 trillion, up 46.2 percent year-on-year.