LG Display Result 23/07/2015

LG Display (LGD) reported a 4% sequential drop in turnover in the second quarter to KRW6.7 trillion ($5.7 billion), though this was 12% higher than last year’s Q2 turnover of KRW5.9 trillion ($5 billion). LGD’s net profit for Q2 of KRW363 billion ($312.7 million) was 24% lower than Q1 but a 42% improvement on Q2 2014’s net profit of KRW256 billion ($220.6 million). For the first six months of the year, LGD reported a net profit of KRW839 billion ($722.9 million) on turnover of KRW13.7 trillion ($11.8 billion).

The company said that it achieved its thirteenth straight quarterly operating profit, thanks to the continued trend towards large displays, as well as an expanded customer base driven by Advanced In-Cell Touch (AIT) technology in the small to medium product segment.

LCD TV panels accounted for 40% of turnover in the second quarter, mobile device panels for 28%, tablet PCs and notebook PCs 16% and monitors 16%. The company said it plans to increase the production of premium products such as Ultra HD, AIT and large-sized display segments, while making efforts to expand the OLED market and customer base.