© Reuters. People visit the LG display at the international consumer technology fair IFA in Berlin, Germany September 2, 2022. REUTERS/Lisi Niesner/File Photo
SEOUL (Reuters) -South Korean flatscreen maker LG Display (NYSE:) posted on Wednesday its first profit in seven quarters on increased shipments of smartphone screens and TV panels during the year-end holiday season.
The Apple (NASDAQ:) 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.
The result matched LG Display’s estimate of 132 billion won released earlier this month.
Revenue rose 1% from a year earlier, to 7.4 trillion won.
($1 = 1,337.7400 won)