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LG.Philips to Post Loss in Q2

Flat-screen maker LG.Philips LCD Co. Ltd. is expected to report a loss in the second quarter on crumbling panel prices. LG.Philips is expected to report on a net loss of 306.4 billion won (approx. U.S. $323.4 million) in the quarter ended in June, according to eight analysts surveyed by Reuters. This compares with a 41.1 billion won (approx. $43.4 million) profit a year earlier and a 47.5 billion (approx. $50.1 million) profit in the first quarter. Sales are expected at 2.3 trillion won (approx. $2.4 billion), up slightly from 2.03 trillion won (approx. $2.1 billion) a year ago but lower than 2.42 trillion won (approx. $2.6 billion) in the first quarter. For 2006, LG.Philips is forecast to post a net loss of 367.2 billion won (approx. $387.6 million), against a 517 billion won (approx. $545.7 million) net profit in 2005, according to analysts. The annual forecast indicates the loss will narrow to 108.3 billion won (approx. $114.3 million) in the second half. 

时候:Sep 28, 2006 点击:1554
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