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Strong OLED panel sales brighten LG Display earnings

Net profit jumps 152% on the year; operating profit up 81%

An LG Electronics employee takes a picture of TVs equipped with OLED panels made by LG Display at a showroom in Seoul.   © Reuters

SEOUL -- LG Display's earnings rose in the third quarter, helped by stronger sales of large organic light-emitting diode panels, indicating its bet on the new technology is paying off.

LG Display said its operating profit jumped 81% on the year to 586 billion won ($519.1 million) in the July-to-September quarter, with sales rising 4% to 6.9 trillion won. Its net profit soared 152% to 477 billion won.

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