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LG Display guides for earnings recovery after second-quarter slump

By Se Young Lee SEOUL (Reuters) – South Korea’s LG Display Co Ltd on Wednesday guided for a second-half earnings recovery, signaling a pickup for the struggling panel industry as clients prepare to launch new gadgets such as smartphones. The firm also unveiled plans to invest 1.99 trillion won ($1.75 billion) to boost production of organic light-emitting diode screens for mobile devices, as smartphone makers increasingly adopt the next-generation technology. “Overall profitability in the second half of the year is expected to further improve due to stabilized panel prices,” LG Display Chief Financial Officer Don Kim said in a statement.

Quoted from LG Display guides for earnings recovery after second-quarter slump on Gadgets News Headlines – Yahoo! News

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