LG Display posts first profit in 7 quarters on holiday demand, flags volatile 2024

SEOUL: South Korean flatscreen maker LG Display flagged continued economic instability this year as it posted on Wednesday its first profit in seven quarters on increased shipments of smartphone screens and TV panels during the year-end holiday season.

“Although market volatility will continue this year due to prolonged unstable macroeconomic conditions, we will… (be) strengthening the competitiveness of our organic light-emitting diode (OLED) businesses,” said Chief Financial Officer Sung-hyun Kim.

The Apple 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.