The company said on October 17 that its third-quarter sales revenue and operating profit were 6,578.7 billion won and 389.2 billion won, down 13 percent and up 31 percent, respectively, from the same period last year. Comparing to the previous quarter, it was up 0.1 percent and 6.0 percent.

 

LG Display president Han Sang-beom said, "Despite difficult market conditions, we could improve both sales revenue and operating profit by leading the market in new products and new technologies."

 

Up until recently, market watchers had expected LG Display would perform worse than before due to the TV market slump and the price pressure by major consumers like Apple Inc. The share price of LG Display on the 17th was closed at 24,300 won, up 0.21 percent from the previous day partly because the company disclosed its financial results after the market was closed.