Profit leading technology developer and manufacturer of materials for OLED for the year increased by 5.5 times
The company Universal Display, a leading developer of technologies and manufacturer of materials for OLED, reported for the last quarter. Figures from the report of Universal Display reflect the market growth of OLED panels — for example, the company’s revenue for the year increased by 87%.
In absolute terms, the income received by Universal Display in the first quarter of 2017, was 55,6,2 million dollars. A year ago it was equal to 29,7 million dollars. The drafters of the report note that the rise is due to increased sales of materials and an increase in licence fees. In the first article, which brought Universal Display of 46.6 million dollars, the increase was 87%. According to the second article for the quarter was obtained 7.0 million dollars that on 32% more than a year ago.
Operating profit for the year increased from 2.5 to 12.1 million dollars, net from 1.9 to 10.4 million dollars, that is more than five times.
Source: Universal Display