LG Display Co., Ltd. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenues of KRW 6,803 billion compared to KRW 6,184 billion a year ago. Operating income was KRW 151 billion compared to operating loss of KRW 211 billion a year ago. Income before tax was KRW 41 billion compared to loss before tax of KRW 197 billion a year ago. Net income was KRW 3 billion compared to net loss of KRW 129 billion a year ago. EBITDA in the first quarter of 2013 was KRW 1,269 billion, a year-on-year increase of 64% from KRW 779 billion in the first quarter of 2012 and a quarter-on-quarter decrease of 30% from KRW 1,814 billion in the fourth quarter of 2012. Net cash provided by operating activities was KRW 1,225,500 million against KRW 650,869 million a year ago period. Acquisition of property, plant and equipment was KRW 1,025,070 million against KRW 1,197,360 million a year ago period. Acquisition of intangible assets was KRW 48,749 million against KRW 82,594 million a year ago period. Basic and diluted earnings per share were KRW 22 against KRW 11 a year ago period. Impairment loss on intangible assets for the first quarter of 2013 was KRW 1,157 million, compared to KRW 226 million for the last year.

LG Display Co., Ltd., Q1 2013 Earnings Call, Apr 22, 2013

Mr. William Y. Kim resigned from his position as an audit committee member of LG Display Co., Ltd. on March 8, 2013.