LG Display reported FY16 Q4 revenues of KRW 7,936 bn ($6.83 bn) with operating profit of KRW 904 bn ($778 mn), resulting in a healthy operating margin of 11.4%. The EBITDA margin for the quarter was 20.4% with an EBITDA of KRW 1624 bn ($1.4 bn), while the net income was KRW 825 bn ($710 mn) resulting in a net profit margin of 10.4%.
Both the revenue and operating profit increased 18% and 180% respectively over the previous quarter’s figures.The FY16 Q4 revenue had also increased 6% on a y-o-y basis, while the quarterly operating profit jumped by 1392%.
The significant jump in operating margins was 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 favourable foreign exchange rate.
In FY16 Q4, TV Panels accounted for 38% of the revenue, while mobile devices, notebook PCs and desktop monitors were 31%, 17% and 14% respectively.
