LG Elec says 2009 net profit more than quadruples

SEOUL, Jan 26 (BestGrowthStock) – South Korea’s LG Electronics Inc
(066570.KS: ), the world’s second-biggest TV brand and No.3 mobile
phone maker, reported more than quadrupled 2009 net profit,
helped by strong sales of flat screen panels and TVs.

LG reported on Tuesday 2.05 trillion won ($1.77 billion) net
profit for 2009, up from 483 billion won a year ago, it said in a
filing to the stock exchange.

The result announcement came ahead of its quarterly earnings
release scheduled on Wednesday.

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(Reporting by Miyoung Kim and Kim Yeon-hee, Editing by Jonathan
Thatcher)

LG Elec says 2009 net profit more than quadruples