LG reports record flatscreen profits
LG Display, the world’s second-largest manufacturer of liquid crystal displays used in flat screen televisions and other products, earned 478 billion won ($420.7 million) in the three months ended Dec. 31, the company said Wednesday in a statement and regulatory filing. It posted a loss of 684 billion won a year earlier.
Sales during the quarter rose 46 percent to 6.1 trillion won from 4.16 trillion won a year earlier.
LG Display returned to profit after it and its LG Display America unit were fined $400 million as part of a Justice Department probe into price-fixing by LCD makers. The entire fine was reflected in earnings for the fourth quarter of 2008.
Shares in LG Display, which released earnings results after the stock closed, fell 2.1 percent at finish at 40,050 won. The shares gained 87 percent in 2009.
LG shows record flatscreen profits
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