• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Printed Electronics
    • Raw Materials
    • Equipment
    • Services
    • Suppliers Guide
    • Resources
    • More
  • Magazine
  • News
  • Printed Electronics
  • Raw Materials
  • Equipment
  • Services
  • Suppliers Guide
  • Resources
  • Current & Past Issues
    Features
    Editorials
    Digital Edition
    Subscribe Now
    Advertise Now
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Breaking News
    Experts Opinion
    Financial News
    Manufacturers News
    Mergers and Acquisitions
    Online Exclusives
    Personnel
    Product Releases
    Suppliers News
    Live From Shows
    Displays and Lighting
    Photovoltaics
    Printed Batteries
    Printed Circuit Boards/Membrane Switches/In Mold Electronics
    Flexible and Printed Electronics
    RFID and NFC
    Sensors and Wearables
    Smart Cards and Packaging
    Touch Screens
    Adhesives, Barriers and Encapsulants
    Chemicals, Metals and Powders
    Conductive Inks and Coatings
    Electronic Materials
    Film, Paper, Glass and Substrates
    Graphene, Perovskites and Carbon Nanotubes
    Nanomaterials
    Printed Electronic Components
    Research Reports
    Semiconductors and Quantum Dots
    Energy Curing Equipment
    Lab and Testing Equipment
    Manufacturing Equipment
    Printing Equipment
    3D Printing
    Contract Manufacturing Services
    Product Design and Testing
    Research and Consulting
    Research Institutions
    Research Reports
    Universities
    Equipment
    All Companies
    Materials
    Categories
    Converting
    Printed Electronics Systems
    Associations
    Research and Services
    Used Machinery
    Add New Company
    Industry Events
    Live from show events
    Podcasts
    Videos
    Blogs
    Slideshows
    Infographics
    Webinars
    Whitepapers
    Equipment and Services
    Glossary
    • Magazine
      • Current & Past Issues
      • Features
      • Editorial
      • Columns
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Suppliers Guide
      • Add Your Company
      • Suppliers Guide
    • Printed Electronics
      • Photovoltaics
      • Printed Batteries
      • Printed Circuit Boards/Membrane Switches/In Mold Electronics
      • Flexible and Printed Electronics
      • RFID and NFC
      • Sensors and Wearables
      • Smart Cards and Packaging
      • Touch Screens
    • Raw Materials
      • Adhesives, Barriers and Encapsulants
      • Chemicals, Metals and Powders
      • Conductive Inks and Coatings
      • Electronic Materials
      • Film, Paper, Glass and Substrates
      • Graphene, Perovskites and Carbon Nanotubes
      • Nanomaterials
      • Semiconductors and Quantum Dots
    • Equipment
      • Energy Curing Equipment
      • Lab and Testing Equipment
      • Manufacturing Equipment
      • Printing Equipment
      • 3D Printing
    • Services
      • Contract Manufacturing Services
      • Product Design and Testing
      • Research and Consulting
      • Research Institutions
      • Research Reports
      • Universities
    • Online Exclusives
    • Slideshows
    • Blog
    • Videos
    • Podcasts
    • Infographics
    • Events
      • Industry Events
      • Live from show events
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    LG Display Reports 3Q 2020 Results

    Revenues in the third quarter of 2020 increased by 27% to $5.94 billion.

    LG Display Reports 3Q 2020 Results
    Related CONTENT
    • Impinj Announces Preliminary 4Q 2020 Revenue
    • STMicroelectronics Announces 4Q 2020 Preliminary Revenues
    • IHS Markit: Increase in COVID-19 Cases Spur Decline in Small Business Jobs, Wage Growth
    • Jabil Posts Record Q1 2021 Results, Raises FY21 Financial Outlook
    • Identiv Announces Early Repayments of Loans
    Printed Electronics Now Staff10.26.20

    LG Display reported unaudited earnings results based on consolidated K-IFRS (International Financial Reporting Standards) for the three months ending Sept. 30, 2020.

     

    Revenues in the third quarter of 2020 increased by 27% to KRW 6,738 billion ($5.94 billion) from KRW 5,307 billion in the second quarter of 2020 and increased by 16% from KRW 5,822 billion in the third quarter of 2019.

     

    Operating profit in the third quarter of 2020 recorded KRW 164 billion ($144 million). This compares with the operating loss of KRW 517 billion in the second quarter of 2020 and the operating loss of KRW 436 billion in the third quarter of 2019.

     

    EBITDA in the third quarter of 2020 was KRW 1,288 billion ($1.13 billion), compared with EBITDA of KRW 413 billion in the second quarter of 2020 and with EBITDA of KRW 613 billion in the third quarter of 2019.

     

    Net income in the third quarter of 2020 was KRW 11 billion ($10 million), compared with the net loss of KRW 504 billion in the second quarter of 2020 and the net loss of KRW 442 billion in the third quarter of 2019.

     

    The revenue increase of 27% quarter-on-quarter was driven by a continuous rise in panel shipments for IT products thanks to the growing trends of working from home and online schooling, as well as an increased supply of panels for new mobile products from strategic customers, strong global TV sales, and the start of full-scale mass-production at the company’s OLED panel production plant in Guangzhou, China.

     

    LG Display returned to the black for the first time in seven quarters, with an operating profit of KRW 164 billion, due to an improved overall performance across its business sectors. There was meaningful improvement in profitability in the P-OLED sector for mobile devices due to an increased supply of panels for new mobile products from strategic customers.

     

    Regarding the TV sector, the start of full-scale mass-production at the company’s Guangzhou OLED panel plant, along with its flexible management of LCD production lines in response to the favorable supply and demand situation of large-size LCD panels, contributed to a significant reduction in deficit.

     

    Panels for IT devices accounted for 43% of the revenue in the third quarter of 2020, having made up the largest revenue share since the previous quarter. Panels for TVs accounted for 28%, 5% up quarter-on-quarter, while those for mobiles and other devices accounted for 29%, 4% up quarter-on-quarter.

     

    Also, the company will continue to strengthen its leadership in the market with its large-size OLED technology, which can meet the consumer’s various needs by representing unmatched picture quality, design flexibility, as well as being exceptionally easy on the eye. With the start of the Guangzhou OLED panel plant operation on a full scale, the company has already secured stable supply and therefore expects to see shipments double in the second half of this year compared with the first half, with annual production set to reach 7 million to 8 million units next year.

     

    “As lifestyles have changed due to COVID-19, TV products have been used not only for viewing purposes, but also for games, working from home, and home training,” said Dong-hee Suh, CFO and SVP of LG Display. “Considering that OLED is the only display technology that is optimized to meet the consumer’s needs for new experiences, as well as to flexibly provide new form factors, we will continue to focus on expanding OLED’s market leadership.”

    Suggested For You
    Impinj Announces Preliminary 4Q 2020 Revenue Impinj Announces Preliminary 4Q 2020 Revenue
    STMicroelectronics Announces 4Q 2020 Preliminary Revenues STMicroelectronics Announces 4Q 2020 Preliminary Revenues
    IHS Markit: Increase in COVID-19 Cases Spur Decline in Small Business Jobs, Wage Growth IHS Markit: Increase in COVID-19 Cases Spur Decline in Small Business Jobs, Wage Growth
    Jabil Posts Record Q1 2021 Results, Raises FY21 Financial Outlook Jabil Posts Record Q1 2021 Results, Raises FY21 Financial Outlook
    Identiv Announces Early Repayments of Loans Identiv Announces Early Repayments of Loans
    Meyer Burger Receiving Up to €22.5 Million in Public Funding Meyer Burger Receiving Up to €22.5 Million in Public Funding
    3M Reports Sales Information for Month of November 2020 3M Reports Sales Information for Month of November 2020
    Avery Dennison Advances Significant Sustainability Actions in 2020 Avery Dennison Advances Significant Sustainability Actions in 2020
    eMagin Expanding New York Manufacturing Facility eMagin Expanding New York Manufacturing Facility
    Brady Corporation Reports Fiscal 1Q 2021 Results Brady Corporation Reports Fiscal 1Q 2021 Results
    SEMI: 3Q 2020 Global Semiconductor Equipment Billings Surge 30% Year-Over-Year SEMI: 3Q 2020 Global Semiconductor Equipment Billings Surge 30% Year-Over-Year
     North American Semiconductor Equipment Industry Posts October 2020 Billings North American Semiconductor Equipment Industry Posts October 2020 Billings
    Merck KGaA Reports Strong 3Q 2020 Merck KGaA Reports Strong 3Q 2020
    CCL Industries Announces Record Quarterly Results for 3Q 2020 CCL Industries Announces Record Quarterly Results for 3Q 2020
    Applied Materials Announces 4Q, Fiscal 2020 Results Applied Materials Announces 4Q, Fiscal 2020 Results

    Related Breaking News

    • Breaking News | RFID and NFC
      Farmacorp Selects Zebra Technologies, Reflexis Systems to Modernize On-site Store Audits

      Farmacorp Selects Zebra Technologies, Reflexis Systems to Modernize On-site Store Audits

      Bolivian pharmacy chain leverages mobile store inspections across 100+ stores.
      Printed Electronics Now staff 01.15.21

    • Breaking News | RFID and NFC
      Sensormatic Solutions Debuts VisionWorks at NRF 2021

      Sensormatic Solutions Debuts VisionWorks at NRF 2021

      VisionWorks provides retailers with new deep learning-based computer vision AI models for unmatched operational insights.
      Printed Electronics Now staff 01.14.21

    • Breaking News | RFID and NFC
      Veridos Paves Way for Secure, Autonomous Border Crossing

      Veridos Paves Way for Secure, Autonomous Border Crossing

      Veridos has successfully implemented many automated border control solutions, including projects in Bangladesh, Morocco, and Luxembourg.
      Printed Electronics Now staff 01.14.21


    • Breaking News | Personnel | Semiconductors and Quantum Dots | Sensors and Wearables
      Rajita D’Souza Appointed STMicroelectronics President, HR, and CSR

      Rajita D’Souza Appointed STMicroelectronics President, HR, and CSR

      D’Souza previously served as chief HR officer at Bekaert.
      Printed Electronics Now staff 01.14.21

    • Breaking News | Printed Circuit Boards/Membrane Switches/In Mold Electronics
      Phiaro Corporation Incorporates TactoTek IMSE Smart Surfaces into Customer Projects

      Phiaro Corporation Incorporates TactoTek IMSE Smart Surfaces into Customer Projects

      Phiaro Corporation’s design portfolio emphasizes automotive and other personal transportation solutions.
      Printed Electronics Now staff 01.14.21

    • Breaking News | Product Releases | RFID and NFC | Sensors and Wearables
      Timestrip Electronic Indicators Launched

      Timestrip Electronic Indicators Launched

      For monitoring safe storage and transportation of wide range of goods including pharmaceuticals, vaccines, healthcare, food produce, adhesives and inks.
      Printed Electronics Now staff 01.13.21


    • Breaking News | Financial News | RFID and NFC
      Impinj Announces Preliminary 4Q 2020 Revenue

      Impinj Announces Preliminary 4Q 2020 Revenue

      Expected preliminary fourth quarter 2020 revenue to exceed $36 million.
      Printed Electronics Now staff 01.13.21

    • Breaking News | Electronic Materials | Energy Curing/Sintering
      Deadline for RadLaunch UV+EB Technology Accelerator is Jan. 30

      Deadline for RadLaunch UV+EB Technology Accelerator is Jan. 30

      UV+EB technology industry tech-education accelerator focused on unique and novel ultraviolet and electron beam technologies.
      Printed Electronics Now staff 01.13.21

    • Breaking News | Flexible and Printed Electronics
      Global Printed, Flexible, Hybrid, Textile Electronics Community Gathers Online

      Global Printed, Flexible, Hybrid, Textile Electronics Community Gathers Online

      First 120 speakers announced.
      Printed Electronics Now staff 01.13.21


    • Breaking News | Product Releases | RFID and NFC
      Sensormatic Solutions Launches Sensormatic IQ

      Sensormatic Solutions Launches Sensormatic IQ

      Unify diverse data and insights with the new intelligent operating platform designed to drive improved shopper experiences and retail outcomes.
      Printed Electronics Now staff 01.12.21

    • Breaking News | Personnel | RFID and NFC | Suppliers News
      Nathan Winters Appointed Zebra Technologies CFO

      Nathan Winters Appointed Zebra Technologies CFO

      Winters takes position after serving in acting role since August 2020.
      Printed Electronics Now staff 01.12.21

    • Breaking News | RFID and NFC
      Powercast Wins 2021 BIG Innovation Award

      Powercast Wins 2021 BIG Innovation Award

      Attains accolade for its wirelessly-powered RFID Temperature Scanning System.
      Printed Electronics Now staff 01.12.21


    • Breaking News | Flexible and Printed Electronics | Graphene, Perovskites and Carbon Nanotubes | Semiconductors and Quantum Dots | Sensors and Wearables
      Brewer Science Celebrates 40th Anniversary

      Brewer Science Celebrates 40th Anniversary

      In 1981, the company introduced ARC bottom anti-reflective coatings to chipmakers worldwide.
      Printed Electronics Now staff 01.12.21

    • Breaking News | Photovoltaics | Research Institutions
      Solar Prize Marks Milestone with Round 3 Winner, Round 4 Semifinalist Announcements

      Solar Prize Marks Milestone with Round 3 Winner, Round 4 Semifinalist Announcements

      US Office of Energy Efficiency and Renewable Energy Daniel R. Simmons announced Maxout Renewables and Wattch Inc. as the winners.
      Printed Electronics Now staff 01.12.21

    • Breaking News | Displays and Lighting
      LG Display Unveils Next-Gen OLED TV Display with Improved Picture Quality

      LG Display Unveils Next-Gen OLED TV Display with Improved Picture Quality

      New 77-inch OLED display shows significant progress through newly developed and highly efficient materials as well as the addition of a layer to the display.
      Printed Electronics Now staff 01.11.21

    Trending
    • Most Intriguing Flexible, Printed Electronics Products Of 2020
    • 3M Accelerates Pace Of Transformation Journey
    • Fraunhofer ISC Works On Economic Processing On Lot Size One
    • Global Printed, Flexible, Hybrid, Textile Electronics Community Gathers Online
    • GVR: Global 3D Printing Market Size Was $11.58 Billion In 2019
    Breaking News
    • Farmacorp Selects Zebra Technologies, Reflexis Systems to Modernize On-site Store Audits
    • Sensormatic Solutions Debuts VisionWorks at NRF 2021
    • Veridos Paves Way for Secure, Autonomous Border Crossing
    • Rajita D’Souza Appointed STMicroelectronics President, HR, and CSR
    • Phiaro Corporation Incorporates TactoTek IMSE Smart Surfaces into Customer Projects
    View Breaking News >
    CURRENT ISSUE

    Fall 2020

    • Flexible Electronics Is Proving to Be Ideal for Healthcare
    • COVID-19 and the Printed Electronics Industry
    • Smart Packaging Looks to Move Forward
    • Electronic & Conductive Ink Conference Showcases Future of Ink Technology
    • Printed Electronics Now’s International Suppliers’ Directory
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    Brown Fat Associated with Reductions in Chronic Disease Risk
    NIH Study Identifies Antibacterial Properties in Taurine
    NSF Begins New Certification Program
    Coatings World

    Latest Breaking News From Coatings World

    Zeppelin Acquires MTI Mischtechnik
    Ezio Braggio Joins ChemQuest Europe
    IFS Coatings Announce Carbon Offset Program
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    Optimize EP Launches CaRM Cardiac Device Data Management Platform
    U.S. TAVR Market Projected to Reach Nearly $5 Billion by 2030
    FDA Clears Canon Medical's Compressed SPEEDER for 3D Exams on 1.5T MR
    Contract Pharma

    Latest Breaking News From Contract Pharma

    KORSCH, MEDELPHARM Partner on R&D Equipment Portfolio
    Frontage Bolsters Clinical Services Capabilities
    Sanofi Unveils EUROAPI as Name of New European API Company
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Neenah to Host Packaging Webinar for Printers
    W.S. Badger is Named a ‘150 Top Impact Company’
    Mana Products, Meiyume and RPG Form The Vertical Beauty Alliance
    Happi

    Latest Breaking News From Happi

    A Surge in Interest for Supplements & Vitamins
    What You're Reading on Happi.com
    Three Form Vertical Beauty Alliance
    Ink World

    Latest Breaking News From Ink World

    dar-tech, inc. Becomes U.S. Midwestern Distributor for ZS Interpolymer
    Techkon USA, Konica Minolta Partner
    Alon Bar-Shany Appointed Chairman of Highcon Board
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Exhibitor registration opens for virtual.drupa
    FTA planning in-person Forum & INFOFLEX
    Fortis Solutions Group achieves SGP certification
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Shemesh Adds U.S. Headquarters
    TZMO USA, Special Needs Group Form Partnership
    BAHP Announces 2021 Officers, Board of Directors
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    Rapid Recovery Protocol Can Lead to Increased Range of Motion After TKA
    Boston Scientific Releases WaveWriter Alpha Spinal Cord Stimulators in U.S.
    New Chief Clinical Officer on Board at IncludeHealth
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Roadsimple Modernizes Warehouse Ops with Zebra Technologies
    Toppan Announces 2050 Environmental Vision
    SOI Industry Consortium Joins SEMI as Strategic Association Partner

    Copyright © 2021 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login