LG Display Posts Q1 Net Profit

LG Display Co LPL posted a net profit in the first quarter. LG Display posted a quarterly net profit of 3.5 billion won ($3.1 million), versus a year-ago net loss of 129 billion won. However, analysts were expecting a profit of 81 billion won. LG Display posted an operating profit of 151.3 billion won, versus a year-ago operating loss of 211.2 billion won. Its sales climbed 10% to 6.8 trillion won. LG Display shares closed at $13.33 on Friday.