LG Electronics swings to profit on record mobile phone sales

By KELLY OLSEN, AP Business Writer, Technology / Business

A South Korean woman walks past LG electronics' LCD and PDP products at a Yongsan Electronic shop in Seoul, South Korea, Wednesday, April 16, 2008. LG Electronics Inc., the world's fifth-largest manufacturer of mobile phones, said Wednesday it turned a net profit in the first-quarter after a loss the year before, boosted by record mobile phone sales, strong performance overseas and gains from its investment in flat panel maker LG Display. LG Electronics said in a statement that it earned 422 billion won (US$427 million; euro270 million) for the three months ended March 31. (AP Photo/Lee Jin-man)

(AP) -- LG Electronics said Wednesday it turned a net profit in the first quarter after a loss the year before, boosted by record mobile phone sales, strong performance overseas and gains from its investment in flat panel maker LG Display.

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