UDC Result 09/11/15

OLED producer Universal Display Corp. (UDC) recorded Q3 net profits of $7 million, up from $4.3 million in the same period last time, on revenue which rose to $39.4 million from $32.9 million. For the nine months, there were losses of $3.4 million, compared with profits of $28.7 a year ago, on sales of $128.7 million, down from $134.8 million. The company cited a drop in host material turnover for its results, but said that it was an exciting time to be part of the “OLED revolution”.