LG.Philips today reported sales for its Q3 ended September 30 increased 46 percent to $2.6 billion (2.7 trillion Korean won) from $1.8 billion (1.9 trillion won) in the same quarter last year, and were up 19 percent sequentially from $2.2 billion (2.3 trillion won) in Q2. The sales improvement were largely led by the growing demand for large and wide LCD TV panels, along with a stronger pricing environment for notebook panels. 

Operating profit in Q3 increased to $230 million (240 billion won) from $28 million (29 billion won) in Q2, and down from operating profit of $246 million (256 billion won) in Q3 2004.

LG.Philips¡¦ Q3 net income increased to $218 million (227 billion won) from $39 million (41 billion won) in Q2, and compared to a net profit of $279 million (291 billion won) in Q3 2004.

¡§As we predicted, large and wide LCD TVs are becoming mainstream, and we are driving this growth through our cutting-edge products, manufacturing excellence and innovative partnerships,¡¨ Bon Joon Koo, vice chairman and CEO of LG.Philips LCD said

¡§Notably, our strategic investment in a new module plant in Poland, announced during the third quarter, will enable us to better serve the fast-growing European LCD TV market while strengthening relationships with our customers there,¡¨ he added.

By: DocMemory
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