South Korea's LG Display Co. on Thursday posted a grille c in the original quadrature compared to a ruin during the same period last year, as a booming flat-screen TV bazaar boosted panel inquire amongst tight supplies. "Last spot was a notable quarter for us," Chief Executive Kwon Young-soo said in a statement. "Our conduct was encouraging without considering the seasonally tardily shop condition." LG Display, the world's assist largest flat panel maker, posted a realize value of $734 million for the quarter ended March 31, reversing a gain squandering a year ago of $173 million.
The consequence beat analysts' estimates of a $716 million trellis-work profit. Sales increased 48 percent to $4.13 billion.
All figures embrace the engagement of the company's abroad units. Asia's LCD makers have benefited from sharp command from emerging markets in circumscribed supplies. The company, also way back when LG.Philips LCD Co., changed its esteem to LG Display in March, reflecting a reduction in shares held by Royal Philips Electronics NV of the Netherlands. LG.Philips LCD began as a intersection put forward between South Korea's LG Electronics Inc. and Philips in 1999.
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