U.S. markets close in 2 hours 53 minutes
  • S&P 500

    3,633.91
    +56.32 (+1.57%)
     
  • Dow 30

    30,080.03
    +488.76 (+1.65%)
     
  • Nasdaq

    12,017.50
    +136.86 (+1.15%)
     
  • Russell 2000

    1,856.03
    +37.73 (+2.07%)
     
  • Crude Oil

    44.91
    +1.85 (+4.30%)
     
  • Gold

    1,803.00
    -34.80 (-1.89%)
     
  • Silver

    23.26
    -0.37 (-1.58%)
     
  • EUR/USD

    1.1874
    +0.0028 (+0.24%)
     
  • 10-Yr Bond

    0.8850
    +0.0280 (+3.27%)
     
  • GBP/USD

    1.3344
    +0.0022 (+0.17%)
     
  • USD/JPY

    104.6120
    +0.1240 (+0.12%)
     
  • BTC-USD

    19,117.53
    +665.56 (+3.61%)
     
  • CMC Crypto 200

    379.37
    +9.62 (+2.60%)
     
  • FTSE 100

    6,432.17
    +98.33 (+1.55%)
     
  • Nikkei 225

    26,165.59
    +638.22 (+2.50%)
     

LG Display says quarter four operating profit rose on year to $250 million

FILE PHOTO - An employee works in front of LG flat-screen television sets at a store in Seoul January 27, 2012. REUTERS/Kim Hong-Ji/File Photo
FILE PHOTO - An employee works in front of LG flat-screen television sets at a store in Seoul January 27, 2012. REUTERS/Kim Hong-Ji/File Photo

SEOUL (Reuters) - South Korea's LG Display Co Ltd said on Wednesday fourth-quarter operating profit leapt more than six-fold from a year earlier, on the back of strong demand for its small panels especially for smart watches.

The Apple Inc supplier's operating profit for October-December came in at 279 billion won ($249.7 million) from 44 billion won in the same period a year ago, and above the 132 billion won forecast of 10 analysts based on I/B/E/S Refinitiv data.

Revenue fell 2.5 percent to 6.9 trillion won.

(Reporting by Heekyong Yang and Ju-min Park; editing by Stephen Coates)