Consecutive Profits
LG Display announced on Jan. 28 that it reported quarterly operating profits of 625.8 billion won (US$572.4 million) and 8.3419 trillion won (US$7.6290 billion) in sales in the fourth quarter of last year. Its operating profits grew 32 percent quarter-on-quarter, and 144 percent year-on-year. The number is the highest-ever since Q2 2010.
The company has operated at a profit for the 11th straight quarter. Its sales went up by 27 percent in Q4 2014 compared to the previous quarter, and are up 18 percent compared to a year ago.
Its operating profits amounted to 1.3573 trillion won (US$1.2413 billion) last year, a year-on-year increase of 17 percent. The figure is the highest-ever since 2008.
The firm turned over 26.4555 trillion won (US$24.1946 billion) in 2014, down 2 percent from the previous year. However, its operating profits increased by a great deal, helped by the strong performance of highly-profitable products. Its net profits totaled 917.4 billion won (US$839.1 million) last year, a 119 percent year-on-year expansion.
A representative of LG Display said, “Our sales decreased slightly, owing to the increased weight of the cell business, a sales method of half-finished products that do not have backlight modules. However, we were able to improve profitability in 2014 by increasing the sale of ultra-large TV panels, which are value-added products, and high-resolution panels for mobile devices.”