SSNLF - LG Display's Comeback: OLED Drives Surprising Profit Turnaround | Benzinga
LG Display Co, Ltd (NYSE:LPL) reported a fourth-quarter FY23 revenue growth of 1% to KRW 7.4 trillion.
Revenues increased by 55% sequentially, driven by the rise in panel shipments for OLED mobile devices, TVs, and IT products in response to seasonal demand.
LG Display said it achieved a turnaround and has returned to profitability for the first time in seven quarters, spurred on by the expansion of high-value-added products centered on OLED.
Panels for TVs accounted for 18% of revenues in the fourth quarter. Panels for IT devices, including monitors, laptops, and tablet PCs, accounted for 31%, ...