LG Display Result 27/04/2016

LG Display reported Q1 2016 net profit of 1 billion Won ($843,000), down from 476 billion Won ($401 million) in the same quarter for 2015. Turnover was 5.9 trillion Won ($5 billion), down 15% YoY from 7 trillion Won ($5.9 billion). Declining panel prices, particularly of lower size panels (less than 30″) were responsible for the decline in financial performance.

Panels for TVs accounted for 38% of the revenue in the first quarter of 2016, tablets and notebook PCs for 24%, mobile devices for 23%, and desktop monitors for 15%.