LG net profit surges 84 percent

SEOUL: LG Electronics said Monday that second-quarter net profit surged 84 percent from the same period last year amid record mobile phone sales. LG Electronics Inc. earned 706.9 billion won (US$694.4million) in the three months ended June 30, the company said in a regulatory filing. LG posted a net profit of384.6 billion won a year earlier. Sales during the quarter rose 22.5 percent to 7.23 trillion won (US$7.1 billion) from 5.9 trillion won a year earlier, LG said.