Filed Under (LG Cell Phone News) by lg-phones on 01-08-2008

LG Electronics(LG Cell phone news) posted an 84 percent jump in quarterly earnings Monday, helped by high margins on mobile phones, brisk sales of TVs and solid results at its LCD joint venture.

LG’s 2008 net profit on a parent basis is forecast to more than double to 2.53 trillion won, according to 25 analysts polled by Reuters Estimates.

LG, which owns 38 percent of LG Display, benefited from another banner quarter at the display maker, which on June 9 posted a quarterly net profit that more than trebled from a year ago.

LG, the world’s fourth-largest mobile phone maker, after Nokia, Samsung Electronics and Motorola, and ahead of Sony Ericsson, sold a record 27.7 million phones in the second quarter, from 24.4 million in the January-March period.

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