LG Display Q4 Revenue Grew 1% YoY To KRW 7.396T; Net Income KRW 51B, Versus Net Loss Of KRW 2.094T YoY
$LPL
Industrial Machinery/Components
Technology
- Revenues in the fourth quarter of 2023 increased by 55% to KRW 7,396 billion from KRW 4,785 billion in the third quarter of 2023 and increased by 1% from KRW 7,302 billion in the fourth quarter of 2022. This 55% quarter-on-quarter revenue increase was driven by the rise in panel shipments for OLED mobile devices, TVs, and IT products in response to seasonal demand.
- Net income in the fourth quarter of 2023 was KRW 51 billion, compared with the net loss of KRW 775 billion in the third quarter of 2023 and with the net loss of KRW 2,094 billion in the fourth quarter of 2022.