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Flat-panel maker LG display reported better-than-expected second quarter profit and sales driven by rising demand for flat-screen televisions and computer monitors.
However, the company forecasted its growth in profit to slow in the second half due to continuing uncertainties in the global economy and an expected dip in television sales.
LG, the world's second-largest maker of liquid crystal displays (LCDs) behind domestic rival Samsung Electronics, posted a net profit of 555 billion won (about $461 million) for the April-June period, representing a 51 percent increase from the 367 billion won a year earlier.
The company's operating profit more than doubled from last year to reach 726 billion won, while its revenue of 6.45 trillion won marked a 35 percent year-on-year increase.
LG Display, which counts major device makers like Apple, Sony and Dell among its main clients, had benefited from the rebound in the global sales of electronics products and had been boosting its manufacturing capacity to meet the rising demand.
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