SEOUL, April 23 South Korea's LG Display Co Ltd
on Wednesday said operating profit fell 38 percent
in the first quarter, less than analysts estimated, as solid
growth in smartphone screens weakened the impact of revenue
decline in TV panels.
The world's biggest maker of liquid crystal displays
reported January-March operating profit of 94 billion won ($91
million), from 151 billion a year earlier and 257 billion in the
The result compared with the 51 billion won mean profit
estimate of 34 analysts polled by Thomson Reuters I/B/E/S.
Revenue fell 18 percent on year to 5.6 trillion won,
compared with the 6 trillion won mean estimate of 35 analysts
polled by Thomson Reuters I/B/E/S.
Shares of LG Display have risen 14 percent since the start
of the year, compared with a 0.4 percent decline in the Korea
Composite Stock Price Index. Ahead of the results, they
closed 0.7 percent lower versus a 0.2 percent fall in the
($1 = 1037.6000 Korean Won)
(Reporting by Se Young Lee; Editing by Christopher Cushing)