LG Display announced its FY17 Q1 result with revenue at KRW 7,062 billion ($6.2 billion) and net income at KRW 679 billion ($597.5 million), resulting in a net margin of 9.6%. The revenue increased by 18% on a yearly basis but decreased by 11% on a quarterly basis, while the net income decreased by 32% on a yearly basis and by 18% on a quarterly basis.
For the quarter, TV panels accounted for 43% of the revenue, mobile devices for 26%, tablets and notebook PCs for 16%, and desktop monitors for the remaining 15%. The company was satisfied with it’s quarterly performance and attributed it to the favourable market conditions including the continuously upward trend of large-size panel prices, and to its product mix strategy of focusing on differentiated and high value-added products such as large-size panels for Ultra HD TVs and high-end IPS products based on its in-Touch technology.
