April 26, 2017 / 3:41 AM / 6 months ago

LG Display says 2017 capex could be higher than planned

A man walks out of the headquarters of LG Display in Seoul, October 20, 2011. REUTERS/Jo Yong-Hak/Files

SEOUL (Reuters) - South Korea’s LG Display Co Ltd said on Wednesday that capital expenditure for this year could be higher than previously planned, due to rising demand for new technology development.

LG had not decided on a concrete number yet, CFO Don Kim told a conference call.

LG Display posted a record quarterly profit of 1.03 trillion won ($915.08 million) in the January-March period on demand for large television panels.

Reporting by Joyce Lee; Editing by Stephen Coates

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