small lcd display profits decreased in the fourth quarter as a result of lower TV panel prices and one-time costs from sdfbcx's blog

Reuters reports that Seoul, South Korea, on January 26th - a day after the country's presidential election - saw a surge in the The government of South Korea has given the green light to the construction of a new nuclear power facility. One-time charges linked with a profit-sharing arrangement and lower TV panel pricing contributed to LG Display Co Ltd (034220. KS30 )'s percent drop in quarterly operating profit. The company's position in the market was maintained in part by higher shipments of small lcd display for laptops and smartphones, which somewhat offset the loss.

Three months in a row saw a decrease in operating profit to 476 billion won ($397.64 million), from 678 billion won in the year prior. Apple Inc.'s (AAPL.O) supplier saw its earnings fall from 678 billion won a year earlier.

If the corporation is compared to the Refinitiv SmartEstimate average analyst projection of 588 billion won, it will miss the mark. LG Display's results were in line with market forecasts, with the exception of a one-time charge related to the distribution of earnings to executives and staff at the end of the year.

There was an 18% growth in earnings from 2008 to 2009, bringing the total to 8.8 trillion won.

According to market data from TrendForce WitsView, prices for 55-inch liquid crystal display (LCD) panels for television sets declined by 37% in the third quarter compared to the second quarter.

Analysts estimate that only 27% of the company's total sales came from television panels in the third quarter of current year.

LG expects to reach its financial goals this year with the support of high-end LCD panels for notebooks and monitors, whose costs are likely to decrease less than LCD TV panel prices by 2021, as well as higher-margin OLED panels for smartphones and televisions.

OLED panel shipments are expected to rise by more than 70% in 2020, according to LG Display, the world's largest OLED panel manufacturer. Break-even in the OLED sector was also reported by the company this year, a notable achievement.

Samsung Electronics' vice president and general manager of its small tft display marketing business, Kwon Jae-young, expects a steady fall in demand for notebooks, tablets and other devices used in the house.

The overall demand for these devices is predicted to rise by a similar amount to what was seen the previous year in 2022 as a result of increasing economies in the back office and within corporations.

While the overall market (. KS11) closed the day down 0.7 percent, LG Display shares concluded the day down at 0.7 percent.