LG Display turns to profit in Q4 on holiday demand (updated)

LG DISPLAY

23/01/2024 22:59

(Adds revenue)
       SEOUL, Jan 24 (Reuters) - South Korean flatscreen maker
LG Display  034220.KS  posted on Wednesday its first profit in
seven quarters on increased shipments of smartphone screens and
TV panels during the year-end holiday season. 
    The Apple  AAPL.O  supplier posted an operating profit of
132 billion won ($98.67 million) for the October-December
quarter, versus a loss of 876 billion won a year earlier. 
    The result matched LG Display's estimate of 132 billion won
released earlier this month. 
    Revenue rose 1% from a year earlier, to 7.4 trillion won. 

($1 = 1,337.7400 won)

 (Reporting by Joyce Lee and Heekyong Yang)
 ((joyce.lee@tr.com;))