LG Display has provisionally recorded a consolidated operating profit of KRW 250.568 billion for the third quarter of this year. This marks a turnaround from the previous quarter's operating loss of KRW 107.728 billion, though it represents a 42% decrease compared to the operating profit of KRW 431.037 billion in the same period last year.

According to the provisional results based on consolidated financial statements disclosed by LG Display on the 22nd, revenue for the third quarter totaled KRW 6.277035 trillion, up 12% from the previous quarter (KRW 5.612063 trillion). However, it declined 10% compared to the same period last year, when revenue was KRW 6.956978 trillion.

■ Net Profit and Net Profit Attributable to Owners Also Turn to Black

Profit from continuing operations before corporate tax expenses amounted to KRW 737.195 billion, turning to profit from a loss of KRW 459.142 billion in the previous quarter. This represents a 2,367% increase compared to KRW 2.9881 billion in the same period last year.

Net income for the period reached KRW 755.635 billion, returning to profit from a net loss of KRW 418.831 billion in the previous quarter. Compared to the net profit of KRW 124.7 million in the same period last year, this represents a 60,496% increase.

Net profit attributable to owners of the parent company also came to KRW 746.747 billion, turning to profit from a loss of KRW 404.641 billion in the previous quarter. The company had recorded a loss of KRW 2.0658 billion in the same period last year.

■ Cumulative Results for Q1-Q3 Remain in the Red

Cumulative revenue for the first three quarters of this year totaled KRW 17.4231 trillion, down 6% from KRW 18.609232 trillion in the same period last year. Cumulative operating profit stood at KRW 289.559 billion, a 17% decrease from KRW 348.468 billion in the same period last year.

During the same period, the cumulative profit and loss from continuing operations before corporate tax expenses recorded a loss of KRW 24.4158 billion, turning to a deficit from a profit of KRW 873.284 billion in the same period last year. The cumulative net profit and loss also swung to a deficit of KRW 23.891 billion from a profit of KRW 654.986 billion in the same period last year. The cumulative net profit and loss attributable to owners of the parent company also recorded a loss of KRW 22.8585 billion, turning to a deficit.

LG Display plans to hold a conference call announcing its third-quarter results at 2 p.m. on the same day.

These results are provisional consolidated figures prepared in accordance with Korean International Financial Reporting Standards (K-IFRS), and the external auditor's audit has not yet been completed. The company stated that some details may change during the audit process.