[EQUITIES] LG Display’s OLED to pick up growth momentum

[THE INVESTOR] Display firm LG Display’s organic light-emitting diode display business will likely achieve a turnaround in earnings before interest, taxes, depreciation and amortization this year, according to Hi Investment and Securities, an investment firm, on July 18.

“The company’s OELD TV panel business will gain a 12 percent margin in EBIDTA this year -- the first positive margin since the start of the business,” said Jeong Won-seok, an analyst from the investment firm. 

EBITDA is widely used in assessing a company’s cash flow from business operations.

The analyst expected the OLED business would be able to pick up steam down the road with improving production yields and dropping OLED panel prices.

If the company invests in the eighth generation display panel, a larger-size panel, it will help the company’s OLED business return to black in the first half next year and for the whole year of 2018.

By Kim Young-won (wone0102@heraldcorp.com)