LG has presented its financial report on the fourth quarter of 2007. Its sales in Q4 2007 jumped 12% on year to KRW 10.91 trillion (USD 11.85 billion) and Net Profit on parent basis reached KRW 621 billion (USD 674 million). Operating profit recorded KRW 381 billion (USD 414 million), which makes the profit margin at 3.5%, 1.9% point higher than the previous year.

LG’s Mobile Communication Company reached the company’s record-high sales of KRW 3.050 trillion (USD 3.312 billion), 10.3% up from the fourth quarter 2006. From handset business, the sales were 12.2% up from a year earlier. Shipment of handsets recorded the highest in unit sales as well, a total of 23.7 million. Shipment boosted in developed markets, thanks to strong sales of “Voyager” and “Venus” in United States and “Viewty” in EU.

For 2008, LG’s anticipated total shipments in handsets are 100 million units, an increase of 25 percent compared to 80.5 million units last year.

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