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LGD Operating Profit Up 88% Last Year

Categories: Industry DynamicStars: 3Stars Visit: - Release time: 2018-01-26 14:59:00
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 LGD Operating Profit Up 88% Last Year


    LG Electronics, the maker of South Korean panel maker LGD (034220), reported a full-year earnings update on Tuesday morning that annual operating profit soared 88% to 2.5 trillion won ($ 2.34 billion) year-on-year, benefiting The first half of last year, large-size liquid crystal display (LCD) prices, and product lines more diversified drive. The annual revenue was 27.8 trillion won, an increase of 4.9% over the previous year. Annual net profit of 1.9 trillion won.

    Among them, the fourth quarter of last year alone, LGD revenue of 7.1 trillion won, higher than the average estimate of 6.9 trillion won. However, operating profit for the same quarter was 44.0 billion won, far less than the average estimate of 250 billion won.

    At 08:50 Taipei time, the latest price of LGD was quoted at 31,000 won, a slight gain of 250 won or 0.8%, up 3.68% so far this year. Korean stock market rose 2.09% over the same period.
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