LG Display Co., Ltd. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2015. For the quarter, the company's revenue decreased by 10% to KRW 7,496 billion from KRW 8,342 billion in the fourth quarter of 2014. Operating profit recorded KRW 61 billion, a year-on-year decrease of 90% from the operating profit of KRW 626 billion in the fourth quarter of 2014. EBITDA was KRW 882 billion, compared with EBITDA of KRW 1,532 billion in the fourth quarter of 2014. Net loss was KRW 14 billion, compared with net income of KRW 389 billion in the fourth quarter of 2014. Pre-tax profit was KRW 31 billion. Cash flow from operating activities resulted in cash inflow of KRW 750 billion.

For the year, the company reported revenues of KRW 28,383.88 billion against KRW 26,455.52 billion a year ago. Operating income was KRW 1,625.56 billion against KRW 1,357.25 billion a year ago. Income before income tax was KRW 1,433.98 billion against KRW 1,241.95 billion a year ago. Net loss was driven by adjustment of the deferred tax asset. Net income was KRW 1,023.45 billion against KRW 917.40 billion a year ago. Profit attributable to owners of the controlling company was KRW 966,553 million against KRW 904,268 million a year ago. Diluted earnings per share was KRW 2,701 million against KRW 2,527 million a year ago. Net cash provided by operating activities was KRW 2,726,577 million against KRW 2,864,521 million a year ago. Acquisition of property, plant and equipment was KRW 2,364,988 million against KRW 2,982,549 million a year ago. Acquisition of intangible assets was KRW 294,638 million against KRW 353,298 million a year ago.

The company expects capex for 2016 will be in between KRW 4 trillion to KRW 5 trillion.