LG Display Result 27/01/2016

LG Display reported Q4 net loss of KRW 14 billion ($11.6 million), compared to a net profit of KRW 389 billion ($323 million) YoY. Turnover for the period decreased 10% YoY to KRW 7.5 trillion ($6.2 billion ) from KRW 8.34 trillion ($6.93 billion ). For the full year, net profit was reported at KRW 1 trillion ($830 million), up 12% YoY to KRW 917 billion ($761 million). Turnover for the period was KRW 28.4 trillion ($23.6 billion), up 7% YoY from KRW 26.5 trillion ($22 billion). Higher raw material costs due to a stronger dollar offset the effect of lower panel prices on the net profit.