LG Display Reports Third Quarter 2020 Results
"LG Display registered KRW 6,738 billion in revenues and KRW 164 billion in operating profit in the third quarter of 2020.
The revenue increase of 27% quarter-on-quarter was driven by a continuous rise in panel shipments for IT products thanks to the growing trends of working from home and online schooling, as well as an increased supply of panels for new mobile products from strategic customers, strong global TV sales, and the start of full-scale mass-production at the company’s OLED panel production plant in Guangzhou, China.

LG Display returned to the black for the first time in seven quarters, with an operating profit of KRW 164 billion, due to an improved overall performance across its business sectors. It recorded KRW 11 billion in net income and KRW 1,288 billion in EBITDA along with an EBITDA margin of 19% in the quarter.

The company saw a continued increase in panel shipments in the IT sector in the third quarter due to its differentiated competitiveness and proactive response to a changed environment caused by COVID-19. There was meaningful improvement in profitability in the P-OLED sector for mobile devices due to an increased supply of panels for new mobile products from strategic customers. Regarding the TV sector, the start of full-scale mass-production at the company’s Guangzhou OLED panel plant, along with its flexible management of LCD production lines in response to the favorable supply and demand situation
of large-size LCD panels, contributed to a significant reduction in deficit."
https://www.lg.com/levant_en

عنوان الموضوع الاصلي: LG Display Reports || الكاتب: مبدعه الخريف الخريف || مصدر الموضوع: منتديات شقاوه - منتدى شقاوه - شات شقاوه

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