LG Display recorded 190% in the
liability-to-equity ratio, 88% in the current ratio, and 91% in the net debt-to-equity
ratio as of June 30, 2020.
The company will make efforts to see an improved business performance from the latter half of this year by starting
mass-production at its large-size OLED panel plant in Guangzhou, China, as well as by increasing smartphone P-OLED panel shipments and expanding the supply of high value-added LCD panels for IT products.
As for its large-size OLED business, LG Display will have its production capacity expanded from the current 70,000
sheets to 130,000 sheets per month with its two production bases in Paju, Korea and Guangzhou, China. With this expanded production capacity, the company expects to effectively respond to growing demand for TVs when offline retail stores resume
their operations around the world.
In addition, LG Display will focus on securing supply stability for its P-OLED
business during the peak season in the latter half of the year, while further strengthening its LCD business through IT panels with differentiated competitiveness by actively seizing growing opportunities that the
post-COVID-19 era will bring about.
Considering the prolonged
COVID-19 pandemic, it is true that the macroeconomic environment is still not favorable. However, we observe that the worst is over, said Dong-hee Suh, CFO and Senior Vice President of LG Display. He
added, From the latter half of this year, we will be able to gradually generate tangible results from our three key strategic tasks that weve been pursuing such as expanding the large-size
OLED display business, achieving P-OLED turnaround, and accelerating structural innovation of the LCD business by focusing on high value-added products including IT panels.
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Earnings Conference Call
LG Display will hold a bilingual conference call in English and Korean on July 23, 2020 starting at 4:00 PM Korea Standard Time (KST) to
announce the second quarter of 2020 earnings results. Investors can listen to the conference call via https://irsvc.teletogether.com/lgdisplay/lgdisplay2020Q2_eng.php.
About LG Display
LG Display Co., Ltd. [NYSE: LPL, KRX:
034220] is the worlds leading innovator of display technologies, including thin-film transistor liquid crystal (TFT-LCD) and OLED displays. The company manufactures display panels in a broad range of
sizes and specifications primarily for use in TVs, notebook computers, desktop monitors, and various other applications, including tablets and mobile devices. LG Display currently operates manufacturing facilities in Korea and China, and back-end assembly facilities in Korea, China, and Vietnam. The company has approximately 60,000 employees operating worldwide. For more news and information about LG Display, please visit www.lgdisplay.com.