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LG Display swings to black in Q4

All News 08:00 January 24, 2017

SEOUL, Jan. 24 (Yonhap) -- LG Display Co., a flat panel maker, said Tuesday that it swung to the black in the fourth quarter from a year earlier, largely thanks to a rise in panel prices and a diversified product portfolio.

Its net profit reached 825 billion won (US$706 million) in the October-December period, compared with a loss of 13.5 billion won a year earlier, it said in a regulatory filing.

Operating income shot up to 904 billion won in the fourth quarter from 60.6 billion won a year earlier, and sales increased 5.9 percent on-year to 7.94 trillion won, it said.


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