A published report, LG Display the first quarter of 2017: for the year operating profit increased by almost 2500%
LG Display yesterday published a report for the first quarter of 2017.
LG Display revenue for the same period was 6.22 billion. This is 11% less than in the preceding quarter, roughly equal to 6.99 billion dollars. At the same time, compared with the figure for the first quarter of 2016, equal to 5.28 billion, recorded an increase of 18%.
Operating profit was approximately equal to 905 million dollars. This is 14% higher compared to the previous quarter, the results of which operating profit was equal to 796 million dollars. In comparison with the first quarter of 2017, when the operating profit was less than $ 35 million, the increase amounted to 2498%.
Net profit amounted to 598 million dollars. For comparison: in the previous quarter this indicator was equal to 727 million dollars, and in the first quarter of 2016 increased by 881%.
The report authors believe that to improve the performance helped the growing rising prices in the panel of the large size and the fact that the manufacturer has focused on the production of more profitable products, including TV panels and 4K panels for electronic devices high end.
Panel TVs now account for 43% of revenue, LG Display. The contribution of panels for mobile devices is 26%, for tablets and laptops — 16% for monitors — 15%.
Source: LG Display