In the midst of the global recession, at least one company's business is booming.
LG Electronics reported on Wednesday record-high quarterly earnings of $1.15 trillion Korean won ($920 million), a leap of 62 percent over the year-ago quarter.
Global sales for the quarter that ended June 30 shot up 13.8 percent to 14.5 trillion won ($11.63 billion).
The net profit surpassed expectations of analysts polled by Dow Jones, who had forecast around 743 billion won. Earnings also enjoyed a strong rebound from the first quarter when LG took a loss of 197.6 billion won.… Read more