Last $17.26 USD
Change Today -0.14 / -0.80%
Volume 180.0K
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lg display co ltd-adr (LPL) Details

LG Display Co., Ltd. manufactures and sells thin film transistor liquid crystal display (TFT-LCD) panels in the Republic of Korea, the United States, Europe, China, and rest of Asia. It offers TFT-LCD and other display panels comprising large-sized panels for use in televisions, notebook computers, and desktop monitors; and small-sized panels for other application products, such as mobile phones and tablet computers. The company also provides panels for industrial and other applications, including entertainment systems, automotive displays, portable navigation devices, and medical diagnostic equipment, as well as organic light emitting diode panels and flexible display products. LG Display Co., Ltd. sells its products directly to end-brand customers and their system integrators. The company was formerly known as LG.Philips LCD Co., Ltd. and changed its name to LG Display Co., Ltd. in February 2008. LG Display Co., Ltd. was founded in 1985 and is headquartered in Seoul, the Republic of Korea.

32,816 Employees
Last Reported Date: 08/14/14
Founded in 1985

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lg display co ltd-adr (LPL) Key Developments

LG Display Co., Ltd. Reports Unaudited Consolidated Earnings and Operating Results for the Second Quarter Ended June 30, 2014

LG Display Co., Ltd. reported unaudited consolidated earnings results for the second quarter ended June 30, 2014. Revenues in the second quarter of 2014 increased by 7% to KRW 5,979 billion from KRW 5,588 billion in the first quarter of 2014 and decreased by 9% from KRW 6,572 billion in the second quarter of 2013. Operating profit in the second quarter of 2014 was KRW 163 billion, a quarter-on-quarter increase of 73% from an operating profit of KRW 94 billion and a year-on-year decrease of 55% from the operating profit of KRW 366 billion. EBITDA in the second quarter of 2014 was KRW 1,008 billion, a quarter-on-quarter decrease of 1% from KRW 1,015 billion and a year-on-year decrease of 24% from KRW 1,324 billion. Net income in the second quarter of 2014 was KRW 256 billion compared with net loss of KRW 82 billion in the first quarter of 2014 and net income of KRW 105 billion in the second quarter of 2013. LG Display recorded an increase both in revenues and in operating profit in the second quarter of 2014 despite the recent sharp appreciation of the Korean currency. The company also posted operating profit at KRW 163 billion, a quarter-on-quarter increase of 73%, driven by seasonal demand growth, increased shipment for large-size panels such as for Ultra HD TVs, and price increases for some products. Income before tax was KRW 293 billion against KRW 162 billion a year ago. Cash flow from operating activities resulted in cash inflow of KRW 72 billion. LG Display shipped a total of 9.36 million square meters of net display area in the second quarter of 2014, an increase of 12% quarter-on-quarter. TFT-LCD panels for TVs, monitors, mobile applications, notebook PCs, and tablets accounted for 42%, 21%, 16%, 12%, and 9% respectively on a revenue basis in the second quarter of 2014.

LG Display Co. Unveils 18-Inch Flexible Display

LG Display Co. has developed an 18-inch flexible display that can be rolled into the shape of a thin cylinder, a step toward making a large display for flexible TVs. The company said that the flexible display has a resolution of 1,200 pixels by 810 pixels and maintains its function when it is rolled up. While that resolution would fall within the range of high-definition, images on the display would not look as sharp as the latest flat displays that boast ultra-high definition. LG touted its technology as a significant advance, saying the cylinder's diameter would be just 6 centimetres (2.4 inches). It means LG Display could produce TVs that are larger than 50 inches diagonally and can be rolled up. The company also unveiled a semi-opaque display. By 2017, LG aims to develop a flexible and transparent display that measures more than 60 inches diagonally.

LG Display Co., Ltd., Q2 2014 Earnings Call, Jul 23, 2014

LG Display Co., Ltd., Q2 2014 Earnings Call, Jul 23, 2014


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