LG Display Q2 net profit surges

South Korea's LG Display Co Ltd's reported a $738.3 million net profit in the second quarter to June 30.

The figure is close to the company's
record quarterly profit of 760 billion won posted in the fourth
quarter of 2007, and is up from 228 billion won earned in the
year-earlier period and 717 billion won in the January-March quarter.
Sales rose 26 percent from a year ago to US$4.2 billion, the company
said. That represented an increase of 4 percent from the previous
quarter.

LG Display, the world's second-largest
flat panel maker, said the average price per square meter of display
area dropped about 5 percent from prices in the first quarter of
2008.

Lehman Brothers predicted monitor panel
prices would drop by nearly 40 percent and TV screen prices by 30
percent through the first half of 2009.