Display Biz Performance
LG Display announced its performance results for the fourth quarter of last year on January 23.
The sales figure for the final quarter of 2013 was 7.79 trillion won, up 7.6% from the previous quarter, but down 19% from a year ago. The number for operating profit equaled US$256.9 billion in Q4, 2013, a year-on-year decrease of 56.2%, and down 34% compared to the third quarter of 2013.
The Korea’s display giant’s full-year earnings totaled 27.33 trillion won in 2013, a year-on-year decrease of 8.1%. Its annual earnings in 2012 were highest-ever, which amounted to 29.4296 trillion won. Its operating profits, on the other hand, increased from 912.3 billion in 2012 to 1.1633 trillion won in 2013, which is a 27.5% year-on-year gain.
An official at LG Display said, “Our sales in the fourth quarter of last year were slightly reduced, but our profits increased, since we focused on generating profits.”