According to reports, South Korea's LG Display said on Tuesday that it plans to invest 7.8 trillion won (about 47.3 billion yuan) to expand production facilities to manufacture large and small OLED panels.
LG Display said in a separate statement that it will increase the capacity of large OLED panels in China through joint ventures. In the second quarter, LG Display's operating profit increased to 804 billion won (about 721 million US dollars), compared with 44.4 billion won a year ago.
Thomson Reuters I/B/E/S surveyed 17 analysts and found that their average estimate for LG Display's second-quarter operating profit was 862 billion won (approximately $773.4 million).
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