Ron Burgundy Posted April 22, 2015 Share Posted April 22, 2015 By Se Young Lee SEOUL (Reuters) - South Korea's LG Display Co Ltd downplayed risks of a supply glut in the global panel market after reporting its best quarterly profit in more than four years, seeking to assuage fear about a sharp profit decline later this year. Investors and analysts worry that TV makers will cut orders and hurt panel sales, while factories of Chinese panel manufacturers scheduled to begin production later this year could weigh on prices. This pushed LG Display stock to a near two-week low on Tuesday, and the shares ended unchanged on Wednesday before the firm reported healthy profit. Q1 PROFIT BEATS ESTIMATES LG Display reported 744 billion won ($689.73 million) in operating profit for the first quarter, the strongest since the at least the first quarter of 2011, from when its current accounting standards apply. View the full article Quote Link to comment Share on other sites More sharing options...
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