LG Display Q1 Profit Surges on Strong OLED Sales
LG Display reported a substantial increase in its first-quarter operating profit, with figures tripling or even quadrupling compared to the previous period. This significant growth is primarily attributed to robust sales of its OLED products.
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LG Display Q1 profit triples on OLED growth
LG Display reported a third consecutive quarter of operating profit Thursday, with earnings surging on stronger OLED sales and cost reductions despite seasonal demand weakness. Operating profit for the January-March period reached 146.7 billion won ($108 million), up 338 percent from a year earlier. Revenue declined 9 percent on-year and 23 percent from the previous quarter to 5.53 trillion won, while net loss widened to 575.7 billion won. The earnings improvement was driven by a higher mix of O
By The Korea Herald
Read full article →(LEAD) LG Display's Q1 operating profit jumps over fourfold on OLED sales - Yonhap News Agency
(LEAD) LG Display's Q1 operating profit jumps over fourfold on OLED sales Yonhap News Agency
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