LG Display Co., Ltd. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2015; Provides Capex Guidance for 2016
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.