LG Display's Fiscal Q3 Profits Almost Double
By Steve Smith -- TWICE, 10/15/2009
Seoul, South Korea - LG Display reported that net profits almost doubled during the fiscal third quarter based on higher demand for its LCD panels.
For the quarter, ended Sept. 30, net income was $482 million, up from the prior year's third-quarter profit of $254 million.
Sales also grew dramatically during the quarter, to $5.15 billion, up from the prior year's fiscal third-quarter sales of $3.33 billion.
LG Display believes that panel prices will fall in the fourth quarter, but the drop will be slight, according to various online reports.
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