LG Electronics achieve profit in Q3

LG Electronics Inc, recorded a third-quarter profit as its mobile phone business reported a return on a stronger product line-up, a media release from the company stated.

LG's July to September operating profit recorded 221 b won ($200.3 m) from a 32 b Won loss a year ago, above consensus forecast of 172 b Won by 13 analysts surveyed by Reuters.

LG's mobile touch phone sales sky- rocketed in the third quarter of this year as demand in Asia lifted its global market share.

LG's increased sales of mobile phones come in the wake of strong speculation that the mobile market had been expected to shrink amid the global economic downturn, leaving handset makers striving to prop up sales by focusing on a few growth areas such as smartphones and emerging markets. The CEO of LG's mobile communications said that the company will maintain a steady market share and become one of the largest players in the mobile field.

Abans (Pvt) Ltd. the trading arm of Abans Group, is the sole agent for LG mobile phones in Sri Lanka with their head office at Abans Arcade in Kollupitiya.

LG Mobile phones are marketed and sold through a network of showrooms and authorised dealers in major towns and cities all over the island.

All mobile phones sold by Abans are certified genuine and carry a guarantee of quality and service.

After sales service is handled by its Service Centres and Authorised Service Agents.

"Abans offer a wide range of genuine LG mobile phone to suit every individuals requirement", a spokesman for Abans said.