LG Display has published the report for the fourth quarter of 2016
Recently the company LG Display has reported for the fourth quarter of 2016. According to the report, the income of the South Korean manufacturer increased by 18% compared to earnings in the third quarter of 2016, and 6% compared to the quarter quarter of 2015.
The reporting period brought LG Display to record-high operating profit of $ 778 million dollars. The report authors attribute this to rising prices for liquid crystal panels of large size. The company is the world’s largest manufacturer of these products.
According to analysts, the growth of prices for TV panels larger than 32 inches continued for 10 months due to factors on the supply side. In particular, the impact of the cessation of production of such panels at one of the companies Samsung Display.
In revenue for LG Display panels for TVs accounted for 38%, for panels for mobile devices — 31%, for panels for tablets and laptops at 17%, monitor panels is 14%.
Sources: LG Display, Reuters