April 26, 2024

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[THE INVESTOR] Display powerhouse LG Display said on Jan. 24 that it earned 904.2 billion won (US$777.5million) in operating profits in the October-December period, up 1,392 percent from the same period last year.

The sales during the fourth quarter stood at 7.94 trillion won, up 6 percent on-year.

The company attributed the year-on-year increase in the operating income to the robust sales of large UHD display, and the so-called “in-Touch” display panel which embraces touch sensors inside,. 

The annual revenue last year came in at 26.5 trillion won, down 6.6 percent on-year while the operating profit stood at 1.31 trillion won, down 19.3 percent from a year earlier.

The display manufacturer said it would give its shareholders 500 won per share as dividend.

“LG Display will accelerate the pace to the transition to organic light-emitting display by putting focus on developing various OLED products, including small- and mid-sized plastic-OLEDs,” Kim Sang-don, the chief finance officer, said.

By Kim Young-won (wone0102@heraldcorp.com)