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LG Display Posts Reduced Loss, Higher Sales

1/27/2012 11:52:57 AM Eastern

Seoul, South
Korea - LG Display reported
a reduced net loss and operating loss, but higher sales in the fourth quarter.

In various
web reports the company said its quarterly loss was reduced based on strong
demand for smartphones, tablet makers and stabilized prices for TV panels.

Operating
loss was 144.75 billion won, down from 386.9 billion won year on year. Net loss
was 6.25 million in the quarter, down from 268.3 million in last year's fourth
quarter. Revenue rose from 6.48 trillion won in the prior year's fourth quarter
to 6.6 trillion won.