South Korean company LG Display sees signs of improvement in the production and sales of displays and expects to perform better in the second half of the year, said CEO of the company, Sang Beom Han, cited by Reuters.
The company forecasts that this will happen in the second half of the year
“There is a sign of things changing a bit starting in late second quarter,” Sang Beom Han commented at a media event. However, he didn’t reveal more details on the matter.
In his words, the company expects a better second half of the year.
Display manufacturers are struggling with falling prices in recent quarters due to weaker sales of consumer electronics, such as smartphones and TVs. But there are hopes that the poor series is ending because in June the prices of screens for televisions, tablets, and monitors rose according to research company IHS.
LG, which is the largest manufacturer of liquid crystal displays (LCD), expects to account 96 percent drop in operating profit for the period from April to June to 18 billion Won (15.72 million dollars), according to the median forecast of analysts polled by Thomson Reuters I/B/E/S.