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 SEOUL, South Korea (AP) - LG Electronics Inc., South Korea's largest maker of consumer appliances and a major producer of cell phone handsets, said Thursday it swung to a profit in the second quarter on strong sales of appliances and premium mobile phones.
The company, who brands include the Chocolate and Shine mobile phones, earned 385 billion won ($420 million) in the three months ended June 30 in contrast to a loss of 9.7 billion won a year ago.
Total sales rose 1.7 percent to 5.9 trillion won ($6.4 billion) from 5.80 trillion won a year ago. On a consolidated basis, which includes performance overseas subsidiaries, LG had sales of 10.4 trillion won ($11.3 billion), 12.6 percent higher than the previous year.
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