{"id":20288,"date":"2017-01-24T11:41:43","date_gmt":"2017-01-24T11:41:43","guid":{"rendered":"http:\/\/www.biphoo.com\/bipnews\/?p=20288"},"modified":"2017-01-24T11:41:43","modified_gmt":"2017-01-24T11:41:43","slug":"lg-display-reports-record-fourth-quarter-profits-panel-prices-seen-rising-further","status":"publish","type":"post","link":"https:\/\/www.biphoo.com\/bipnews\/technology\/lg-display-reports-record-fourth-quarter-profits-panel-prices-seen-rising-further.html","title":{"rendered":"LG Display reports record fourth-quarter profits, panel prices seen rising further"},"content":{"rendered":"<div align=\"Justify\">\n<h2><strong><span style=\"color: #000000; font-size: 18pt; font-family: Arial, Helvetica, sans-serif;\">LG Display reports record fourth-quarter profits, panel prices seen rising further<\/span><\/strong><\/h2>\n<p><span style=\"font-size: 14pt;\"><strong><span style=\"color: #000000; font-family: Arial, Helvetica, sans-serif;\">LG Display reports record fourth-quarter profits, panel prices seen rising further:-\u00a0<\/span><\/strong><\/span><span style=\"color: #000000; font-size: 14pt; font-family: Arial, Helvetica, sans-serif;\">South Korea&#8217;s LG Display Co Ltd (034220.KS) said on Tuesday it reported a record fourth-quarter operating profit of 904.3 billion won ($778.33 million) due to a pickup in panel prices.<\/span><\/p>\n<p><span style=\"color: #000000; font-size: 14pt; font-family: Arial, Helvetica, sans-serif;\">The world&#8217;s biggest liquid crystal display (LDC) maker said the profit was caused by the upward trend of panel prices and a favorable foreign exchange rate.<\/span><\/p>\n<p><span style=\"color: #000000; font-size: 14pt; font-family: Arial, Helvetica, sans-serif;\">&#8220;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,&#8221; Chief Financial Officer Don Kim said in a statement.<\/span><\/p>\n<p><span style=\"color: #000000; font-size: 14pt; font-family: Arial, Helvetica, sans-serif;\">The price of television LCDs larger than 32 inches has been rising for 10 months, according to data provider WitsView last week.<\/span><\/p>\n<p><span style=\"color: #000000; font-size: 14pt; font-family: Arial, Helvetica, sans-serif;\">Analysts said the rise was mainly due to supply-side factors such as rival Samsung Display Co Ltd&#8217;s shutdown of an LCD fabrication plant last year, causing a tight supply-demand environment.<\/span><\/p>\n<p><span style=\"color: #000000; font-size: 14pt; font-family: Arial, Helvetica, sans-serif;\">The company said its October-December operating profit of 904.3 billion won rose 1,392 percent from the same period previous year, beating a Thomson Reuters StarMine SmartEstimate of 845 billion won drawn from a survey of 27 analysts.<\/span><\/p>\n<p><span style=\"color: #000000; font-size: 14pt; font-family: Arial, Helvetica, sans-serif;\">Revenue for the quarter rose 18 percent from a year earlier to 7.9 trillion won, LG said.<\/span><\/p>\n<p><span style=\"color: #000000; font-size: 14pt; font-family: Arial, Helvetica, sans-serif;\">LG Display, which supplies screens for Apple Inc&#8217;s (AAPL.O) iPhones and LG Electronics Inc&#8217;s (066570.KS) TV sets, said earlier this month it was in talks with Samsung Electronics Co Ltd (005930.KS) about a supply agreement for TV panels.<\/span><\/p>\n<p><span style=\"font-size: 8pt; font-family: Arial, Helvetica, sans-serif; color: #000000;\">Source:-\u00a0http:\/\/www.reuters.com\/article\/us-lg-display-results-idUSKBN1572SI<\/span><\/div>\n<div class=\"fb-background-color\">\n\t\t\t  <div \n\t\t\t  \tclass = \"fb-comments\" \n\t\t\t  \tdata-href = \"https:\/\/www.biphoo.com\/bipnews\/technology\/lg-display-reports-record-fourth-quarter-profits-panel-prices-seen-rising-further.html\"\n\t\t\t  \tdata-numposts = \"10\"\n\t\t\t  \tdata-lazy = \"true\"\n\t\t\t\tdata-colorscheme = \"light\"\n\t\t\t\tdata-order-by = \"social\"\n\t\t\t\tdata-mobile=true>\n\t\t\t  <\/div><\/div>\n\t\t  <style>\n\t\t    .fb-background-color {\n\t\t\t\tbackground: #ffffff !important;\n\t\t\t}\n\t\t\t.fb_iframe_widget_fluid_desktop iframe {\n\t\t\t    width: 630px !important;\n\t\t\t}\n\t\t  <\/style>\n\t\t  ","protected":false},"excerpt":{"rendered":"<p>LG Display reports record fourth-quarter profits, panel prices seen rising further LG Display reports record fourth-quarter profits, panel prices seen rising further:-\u00a0South Korea&#8217;s LG Display Co Ltd (034220.KS) said on Tuesday it reported a record fourth-quarter operating profit of 904.3 billion won ($778.33 million) due to a pickup in panel [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":20290,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[12445,12446,348],"class_list":["post-20288","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-lg-display-reports-record-fourth-quarter-profits-panel-prices-seen-rising-further","tag-sang-don-kim","tag-south-korea"],"_links":{"self":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/20288","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/comments?post=20288"}],"version-history":[{"count":0,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/20288\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media\/20290"}],"wp:attachment":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media?parent=20288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/categories?post=20288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/tags?post=20288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}