LG mobile phones led the second-quarter profit rise 84 percent

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Yesterday, the second quarter finanical report of LG Electronics showed that the company's profits set a record, from a year earlier 384.6 billion won (about 378 million U.S. dollars) increase to 706.9 billion (about 695 million U.S. dollars). It went up by 84 percent comparing with that of the same period last year, the news led the company shares rose 4.1 percent.
The second quarter of LG Electronics mobile phone business sector performance is very conspicuous, sales 27700000, an increase of 45 percent profit doubled from a year earlier to 547.3 billion won (about 538 million U.S. dollars). This has spurred the company's second quarter revenue of 7.23 trillion won (about 7.11 billion U.S. dollars), up 22.5 percent; operating profit increased three times, for 634.8 billion won (about 624 million U.S. dollars).
LG mobile phone sales has been replaced by Motorola, the world's third-standing position. The industry, as the LG keep up with the Apple iPhone touch screen mobile phone set off the turmoil launched a Viewty, Voyager, Secret, such as phone number, and the market response is very popular.
Although the market has expected, LG said the second half growth rate will slow. The face of the global economic slowdown, the company estimated that the warming pursue for mobile phones and other products will subsequently cooling. Therefore Lehman Brothers and JP Morgan reduce the valuation of the LG shares this month. Lehman Brothers analyst James Kim (James Kim) said, LG profits began to fall from the second quarter.