[
THE INVESTOR] SK Securities said
LG Display -- the world’s No.1 producer of large-sized LCD-panels -- is expected to see its third-quarter earnings rebound following significant declines in the second quarter.
“A fall in liquid-crystal display panel supply, combined with reduced production from Samsung Display, is likely to push up panel prices in the third quarter,” the brokerage said in a report on July 13.
Its estimates showed LG Display’s third-quarter sales at 6.79 trillion won (US$5.89 billion) with operating profit of 319 billion won.
But a rebound is likely to occur following declines in the second quarter, SK said.
During this period, operating profit is projected to fall by 88.6 percent to 55.7 billion won, while sales will decline 8 percent to 6.17 trillion won.
By Kim Ji-hyun (
jemmie@heraldcorp.com)
