What They Say
LG Display reported a positive result in Q3, with sales up 27% QoQ and 16% YoY and income switching to a positive EBITDA, although net income was only slightly positive. The blended ASP rose from $513/m² a year ago to $706 now. IT products were over 50% in Q2, declining to 43% this time but TV panel revenue rose to 28% from 23% last time and down from 32% a year ago.
The presentation can be downloaded here.
What We Think
It’s good to see the company moving back into the black and to see such a good result . (BR)
