LG Display Announces Record Sales For 1st Quarter
D-Bo , April 23, 2015, 8:54 a.m.
LG Display on Wednesday reported record-breaking first-quarter sales at W7.02 trillion. Its operating profit rose a whopping 689 percent compared to the same quarter last year to W743.9 billion (US$1=W1,080).
Although the electronics market is traditionally slow in the first quarter, the company showed strong performance due to brisk sales of large TV panels. In the first three months of this year, TV panels accounted for 41 percent of LG Display's total sales, followed by panels for smartphone displays (25 percent), panels for tablets and laptops (17 percent) and monitor panels (17 percent).