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Small panels drive big quarter four profit jump at LG Display

Reuters  |  SEOUL 

SEOUL (Reuters) - South Korea's LG Display Co Ltd said on Wednesday fourth-quarter operating profit leapt more than six-fold from a year earlier, on the back of strong demand for its small panels including for smart watches.The Apple Inc supplier's operating profit for October-December came in at 279 billion won ($249.7 million) from 44 billion won in the same period a year ago, and above the 132 billion won forecast of 10 analysts based on I/B/E/S Refinitiv data. Revenue fell 2.5 percent to 6.9 trillion won.LG Display said however its panel shipments were expected to fall by a ...

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First Published: Wed, January 30 2019. 05:46 IST
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