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LG Display posts first profit in more than a year

By Youkyung Lee
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SEOUL, South Korea (AP) — LG Display Co. returned to profit for the first time in over a year as strong demand for the iPhone 5 and tablet computers increased sales of its display panels.

The South Korean company said Friday it earned 158 billion won ($144 million) in the July-September third quarter, turning around from a loss of 688 billion won a year earlier. It was its first quarterly profit since the April-June quarter of 2011.

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