Surprise Handset Result:

LG Electronics in Q3 profit

LG Electronics Inc, Korea's renowned manufacturer of electronics and home appliances, swung to a surprise third-quarter profit as its mobile phone business reported a welcome return to the black on a stronger product line-up. LG's July to September operating profit recorded 221 billion won ($200.3 million) from a 32 billion won loss a year ago, above consensus forecast of 172 billion won by 13 analysts surveyed by Reuters.

LG is the world's third largest mobile phone manufacturer and the global leader in mobile touch phones sales sky rocketted in the third quarter of this year as unprecedented demand in Asia lifted its global market share.

LG's increased sales performance of their mobile phones comes 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 has stated that the company is aiming to maintain a steady market share and become one of the largest players in the mobile field.

Abans (Pvt) Ltd. the trading arm of the prestigious Abans Group, is the sole agent for LG mobile phones in Sri Lanka with their head office located at Abans Arcade in Galle Road, Kollupitiya. LG Mobile phones are marketed and sold through a strong network of showrooms and authorized 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. An efficient and quick after sales service is handled by their Service Centres and Authorized Service Agents. Abans offer the widest range of genuine LG mobile phones at affordable prices. When buying a mobile phone it would be wise to visit Abans Showroom, because Abans have a mobile phone to suit every individuals requirement, fancy and pocket.