UPDATE 3-LG Display posts first profit in 7 quarters on holiday demand, flags volatile 2024 [Yahoo! Finance]
LG Display Co, Ltd AMERICAN DEPOSITORY SHARES (LPL)
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Source: Yahoo! Finance
2024 capex about 2 trln won, down from 3.6 trln won in 2023 (Adds 2024 investment plan, share move) By Joyce Lee and Heekyong Yang SEOUL, Jan 24 (Reuters) - South Korean flatscreen maker LG Display flagged economic instability this year as it posted on Wednesday its first profit in seven quarters on more shipments of smartphone screens and TV panels during the year-end holiday season. "Although market volatility will continue this year due to prolonged unstable macroeconomic conditions, we will... (be) strengthening the competitiveness of our organic light-emitting diode (OLED) businesses," said Chief Financial Officer Sung-hyun Kim. The Apple supplier posted an operating profit of 132 billion won ($98.67 million) for the October-December quarter, versus a loss of 876 billion won a year earlier. The result matched LG Display's estimate of 132 billion won released earlier this month. Shipments of OLED displays for smartphones have increased in the fourth quarter, and dem
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News
- LG Display returns to quarterly loss on drop in off-season demand [Yahoo! Finance]Yahoo! Finance
- LG Display returns to quarterly loss on drop in off-season demand [Reuters]Reuters
- LG Display to Mass Produce World's First Gaming OLED Panel With Switchable Refresh Rate and Resolution [Yahoo! Finance]Yahoo! Finance
- LG Display to Mass Produce World's First Gaming OLED Panel With Switchable Refresh Rate and ResolutionPR Newswire
- LG Display: Consider Potential Results Miss And Favorable Developments [Seeking Alpha]Seeking Alpha
LPL
Sec Filings
- 4/25/24 - Form 6-K
- 4/25/24 - Form 6-K
- 4/25/24 - Form 6-K
- LPL's page on the SEC website