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LG Display delivers record profit as LCD market boils

April 10th, 2008 · No Comments

The world’s number 2 maker of LCD panels, Korean-giant LG Display, has posted a record quarterly operating profit of 881 billion won. Making the figure even more remarkable is the fact that the result follows on from a record loss of 208 billion won the year before.
LG Display chief financial officer Jeong Ho-young confirmed that the result was “better than expected”.
The flatpanel industry is predicting a red-hot 2008, fueled by the shift from analogue to digital broadcasting in the US and major sporting events such as the Beijing Olympics and Euro 2008.

Tags: Broadcasting · LCD TV · Trade

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