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Lg Display Reports Record Fourth-Quarter Profits; Panel Prices Seen Rising Further

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy Omniscient Member

Ron Burgundy

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An LG Electronics' logo is pictured on a TV displayed at a shop in SeoulSouth Korea's LG Display Co Ltd said on Tuesday its fourth-quarter operating profit nearly doubled from a year earlier to its quarterly record due to a pickup in panel prices. The world's biggest liquid crystal display (LDC) maker said the all-time high profit was caused by the upward trend of panel prices and a favorable foreign exchange rate. "The upwards trend of panel prices is anticipated to continue thanks to the low inventory level in the industry and the trends towards large-size panels," Chief Financial Officer Don Kim said in a statement.




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