Friday, August 22, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Sony Offers New Smart Tennis Sensor
Microsoft to Announce Windows 9 on September Event: report
Acer Unveils New Chromebox CXI and Chromebook 11
Fraunhofer To Showcase The Future Of TV at IBC
Intel, Chunghwa Telecom Team up on Internet of Things
Sharp Launches 12-Mpixel CMOS Sensor for 4k Video
LG Delivers New Bluetooth Minibeam Projector, More L Series Smartphones
HP Reports Revenue Gain
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 Home > News > General Computing > LG Disp...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, October 17, 2013
LG Display Posts Solid Q3


LG Display reported today its highest quarterly profit this year thanks to increased sales of displays for devices, but said prices for mainstay TV displays will keep falling along with TV set demand.

LG Display's revenues in the third quarter of 2013 decreased by 13% to KRW 6,579 billion from KRW 7,593 billion in the third quarter of 2012 and increased by 0.1% from KRW 6,572 billion in the second quarter of 2013.

Operating profit in the third quarter of 2013 was KRW 389 billion, a year-on-year increase of 31% from the operating gain of KRW 297 billion and a quarter-on-quarter increase of 6% from the operating gain of KRW 366 billion.

LG Display posted a quarter-on-quarter growth both in revenues and in operating profit in the third quarter of 2013 driven mainly by an increase in shipments of mid- to small-sized specialty products and the company's ongoing efforts to reduce costs, despite a decline in panel prices and slowing demand amid TV manufacturers' conservative inventory management.

"With differentiated specialty products based on our competitive technologies, LG Display was able to lead the market and to achieve growth in both revenues and operating profits even under difficult market conditions," said Dr. Sang Beom Han, CEO of LG Display. "LG Display will continue to focus on strengthening our competitiveness as an industry leader while enhancing our fundamental capability to successfully deal with any market changes."

"Total display area shipment in the fourth quarter of 2013 is expected to increase by a mid-single digit percent growth rate compared to the previous quarter with the growth of seasonal demand such as the demand of mid- to small-sized panels in particular. Panel prices are not likely to rebound soon, but their rate of decline is anticipated to slow down," said James Jeong, CFO of LG Display. "While making constant efforts to increase per-unit values with a strategy to expand our differentiated specialty product portfolio and to enhance our cost competitiveness, LG Display will take preemptive actions to manage external risk factors such as macroeconomic uncertainties and decline in demand due to the industry's slow growth."




Previous
Next
Chipmaker TSMC Reports Increased Earnings        All News        Sharp to Begin Production of IGZO LCD Panels for Smartphones at Kameyama Plant No. 2
Chipmaker TSMC Reports Increased Earnings     General Computing News      Sharp to Begin Production of IGZO LCD Panels for Smartphones at Kameyama Plant No. 2

Get RSS feed Easy Print E-Mail this Message

Related News
UHDTVs Boost LG Display Profit
LG Showcases Flexible 18-inch OLED Display, Promises Larger Models
Samsung, LG To Work Together On Future Display Technologies
LG Display to Invest 700 bln Won On OLED Production
LG Display Develops UV Aligned-N LCD For Smartphones
LG and Samsung Showcased Their Latest Display Technologies At SID 2014
LG Display Highlights Next-Generation Display Products at SID 2014
LG Display Reports First Quarter Results
LG Display Reports Low 4Q Profit As Panel Prices Weaken
LG Display Showcases Ultra HD Advances at CES 2014
Samsung And LD Display End Their OLED Patent Dispute
LG Display Develops Intel WiDi Enabled LCD Panel, Outlines TV Strategy

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .