Saturday, July 21, 2018
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Google, Facebook, Microsoft, and Twitter Partner on New Data Project
Foxconn Breaks Ground in In Wisconsin Plant, Looks at AI and Beyond Apple
Western Digital and Toshiba Begin Sampling 96-layer QLC NAND
Cloud Services Keep Boosting Microsoft's Revenue
Comcast Won't Pursuit Fox assets, Focuses on Sky Offer
EU to Probe Qualcomm Over Pricing Case
Google's Project Fuchsia Could Be The Successor of Android Successor to Android
TSMC Cuts Sales, Spending Outlook
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > LG Disp...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, January 24, 2017
LG Display Reports Stellar Q4 Earnings And Profit

LG Display recorded strong earnings for the fourth quarter ended December last year thanks to shift to larger-size panels, recovery in panel prices, demand for small- and medium-sized displays for mobile and wearable devices.

The company's revenues in the fourth quarter of 2016 increased by 18% to KRW 7,936 billion from KRW 6,724 billion in the third quarter of 2016 and increased by 6% from KRW 7,496 billion in the fourth quarter of 2015.

Operating profit in the fourth quarter of 2016 recorded KRW 904 billion, a quarter-on-quarter increase of 180% from the operating profit of KRW 323 billion in the third quarter of 2016, and a year-on-year increase of 1,392% from the operating profit of KRW 61 billion in the fourth quarter of 2015.

LG Display says it recorded its nineteenth straight quarterly operating profit as a result of a differentiated product strategy and the company's technologies despite fierce competition among display manufacturers.

With the growing trends for large-size panels as well as the rise in mid- and small-size panel shipments backed by seasonality, LG Display increased revenues by 18% quarter-on-quarter to KRW 7,936 billion. In addition, the company recorded all time high operating profit to KRW 904 billion up by 1,392 percent year-on-year from KRW 61 billion driven by differentiated and high value-added products such as large-size Ultra HD panels and in-TOUCH technology, as well as by the upward trend of panel prices and a favorable foreign exchange rate.

Panels for TVs accounted for 38% of the revenue in the fourth quarter of 2016, mobile devices for 31%, tablets and notebook PCs for 17%, and desktop monitors for 14%.

"Panel shipments in the first quarter of 2017 are expected to decrease by a mid-single digit percentage due to some production line conversions from LCD to OLED and capacity reduction from allocating some lines for new product R&D activities. In addition, since the demand in large-size panels continues to be strong backed by the growing trends towards large-size panels, the decrease of the panel shipment is expected to be a lot sharper," said Don Kim, CFO of LG Display. "The upwards trend of panel prices is anticipated to continue thanks to the low inventory level in the industry and the trends towards large-size panels."

He also added, "LG Display will strengthen its leadership in OLED from both the quantity and quality perspective this year, through enhancing our large-size OLED product portfolio which reflects the advantages of OLEDs such as picture quality, design flexibility, and embedded sound systems. In addition, we will transform ourselves to the OLED business by starting mass production at Gen 6 P-OLED production line later this year, producing mid- and small-size OLED panels. We will also continue to increase the portion of premium products, such as IPS and in-TOUCH technology. Through all these efforts, we will do our best to prepare for future growth and profit generation."

LG Display, which supplies screens for Apples iPhones and LG Electronics's TV sets, said earlier this month it was in talks with Samsung Electronics about a supply agreement for TV panels.

Samsung Electronics Confirms High Q4 Profit on Record Chip Performance, Predicts Lower Figure in Q1        All News        Pioneer BDR-S11J-BK BDR-S11J-X Ultra HD Blu-ray Burners Coming Next Month
Samsung Electronics Confirms High Q4 Profit on Record Chip Performance, Predicts Lower Figure in Q1     General Computing News      Sprint is Buying Stake in Tidal

Get RSS feed Easy Print E-Mail this Message

Related News
LG Display Posts First-quarter Loss on Low LCD Prices
LG Display's OLED Smartphone Screens Still Not Ready For Apple
LG Display Brings Crystal Sound OLED tech to Lighting
LG Display Is Setting Up First Production Lines for 10th Generation OLEDs
LG Display To Supply OLED Panels To Sony
LG Display To Develop Foldable OLEDs For Apple, Google
Samsung May Outsource LCD Panels From Rival LG
After Samsung, LG Is Also Developing Foldable Displays And Smartphones
LG Display Showcases Latest Technologies at CES 2015
UHDTVs Boost LG Display Profit
LG Display to Invest 700 bln Won On OLED Production
LG Display Reports Low 4Q Profit As Panel Prices Weaken

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .