LG Electronics posted its first profit in three quarters, beating expectations thanks to a revival in its mobile business and demand for high-end TVs.

The problem with pricing, say consultants at Deloitte, is you. Senior executives don't recognize the importance of consistent and detailed pricing strategy, Deloitte says, and leave it to employees further down the chain to manage. Companies that do this pay the price in lost profits.

Online travel agent, Webjet Ltd, has lifted annual profit by five per cent, and says it expects to double the result in the current year.

Optus has posted a five per cent fall in quarterly profit, describing the result as "resilient" amid intense competition.

The improved performance of local business and professional divisions has helped Australian accounting software firm, Reckon (ASX:RKN), record a net profit after tax of $9.3 million, up five per cent year-on-year, for the half year to 30 June 2011.