LG Display swings to profit in Q2 as panel prices rise

COVID-led demand for TVs and laptops pushes revenue up 31% on year

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The South Korean display maker that supplies Apple reported an operating profit of 701 billion won ($607 million) in the April-June quarter, compared with a loss in the same period last year.

SEOUL (Reuters) -- South Korea's LG Display on Wednesday swung to a profit in the second quarter versus a loss a year earlier, as pandemic-led demand for TVs and laptops drove up panel prices.

The display maker that supplies Apple reported an operating profit of 701 billion won ($607 million) in the April-June quarter, compared with an operating loss of 517 billion won in the same period last year.

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