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THE INVESTOR

LG

LG Display’s net profit surges in Q1

  • PUBLISHED :April 26, 2017 - 10:18
  • UPDATED :April 26, 2017 - 16:44
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[THE INVESTOR] LG Display said on April 26 its first-quarter earnings jumped sharply from a year earlier.

Net profit came to 679.4 billion won (US$602.30 million), hovering far above the 1.1 billion won posted a year earlier, the tech firm said in a regulatory filing.




Operating profit also shot up to 1.02 trillion won in the January-March period compared to 39.5 billion won posted last year.

Sales advanced 17.9 percent to 7.06 trillion won.

Panels for TVs accounted for 43 percent of its shipments, followed by mobile with 26 percent and laptop-tablet PCs with 16 percent. Panels for monitors accounted for 15 percent. 

The company said while second-quarter shipments are expected to be similar to the previous session, the number of units shipped will decline or remain unchanged on the back of increasing demand for larger TVs.

By Alex Lee and newswires (alexlee@heraldcorp.com)
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