LG Display's Operating Profit Reaches 2.23 Trillion KRW Last Year... Returns to Profitability
[Asia Economy Reporter Lee Hyeyoung] LG Display announced on the 26th that it recorded consolidated sales of 29.878 trillion KRW and an operating profit of 2.2306 trillion KRW last year.
With this, LG Display achieved a turnaround to profitability on an annual basis for the first time in three years. After achieving an operating profit of 92.9 billion KRW in 2018, LG Display recorded operating losses of 1.3594 trillion KRW in 2019 and 36.5 billion KRW in 2020.
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The operating profit for the fourth quarter was 476.4 billion KRW, a 29.7% decrease compared to the same period last year. During the same period, sales and net profit were 8.8065 trillion KRW and 179.5 billion KRW, respectively.
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