Wednesday, April 18, 2007

LG Elec swings to Q1 loss on flat screen businesses

(Reuters) - The result offered a stark contrast with a 150.8 billion profit a year earlier and was much bigger than a forecast for a 39.4 billion won shortfall made by nine analysts polled by Reuters.

The poor performance reflects the impact of another quarter of losses at LG.Philips LCD , its 38-percent owned liquid crystal display joint venture with Dutch Philips , which last week posted 169 billion won in net loss amid a seasonal supply glut.


Read more at Reuters.com Market News

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