Friday, October 24, 2014
Search
  
Thursday, October 17, 2013
 LG Display Posts Solid Q3
You are sending an email that contains the article
and a private message for your recipient(s).
Your Name:
Your e-mail: * Required!
Recipient (e-mail): *
Subject: *
Introductory Message:
HTML/Text
(Photo: Yes/No)
(At the moment, only Text is allowed...)
 
Message Text: 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."


 
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 .