Sunday, November 29, 2015
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Google Glass Evoluion Could Be A Monocle
NSA's Phone Surveillance Program Changes
Lenovo and Razer Partner to Make Gaming PCs
LG Display Makes Huge Investment in OLED Panels
Sony To Bring Remote Play Feature To PS4
MINIX NEO U1 Media Hub for Android Coming Next Week
Samsung Joins Audi’s Progressive SemiConductor Program
German ISPs May Block Music-sharing Sites: court
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 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."

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
LG Display Makes Huge Investment in OLED Panels
Samsung Display Leads The UHD TV Panel Market
LG Display Q3 Profit Declined
Samsung Display, LG Display, Showcase Future Products At IMID 2015
LG Display To Produce Foldable Displays For Smartphones: report
LG Bets On OLED's Success, Showcases Innovative Prototypes At IFA2015
LG Display To Heavily Invest In OLED
LG Display to Invest in OLED Panel Line for Flexible Displays
LG Display Launches Slimmer LCD Panels with Advanced In-Cell Touch Technology for Notebook PCs
South Korean Display Makers To Provide Flexible Display For Next Apple Watch: analyst
LG Display Showcases 18-inch Rollable Display At SID
LG Display Unveils New Wallpaper OLED Panel

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .