LG Display says third-quarter operating profit rose on year to $519 million

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SEOUL (Reuters) – South Korea’s LG Display Co Ltd said third-quarter operating profit surged 81 percent from a year earlier on the back of a recovery in panel prices.

A man walks out of the headquarters of LG Display in Seoul, October 20, 2011. REUTERS/Jo Yong-Hak/File Photo

Operating profit for July-September came in at 586 billion won ($519 million), up from 323 billion won in the same period a year ago and above an average 567 billion won forecast drawn from 15 analysts polled by Thomson Reuters I/B/E/S.

Revenue rose 3.7 percent to 7 trillion won.

($1 = 1,129.5500 won)

Reporting by Joyce Lee; Editing by Stephen Coates

Our Standards:The Thomson Reuters Trust Principles.