(LG Display)

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LG Display Co. posted an operating profit in the first quarter of this year, marking its second consecutive quarterly gain, driven by a structural shift to organic light-emitting diode (OLED) technology and aggressive cost innovation.

The company said Thursday it posted revenue of 6.07 trillion won ($4.2 billion) in the January-March period and operating profit of 33.5 billion won.

Supported by higher OLED shipments, favorable exchange rates, and continued cost-cutting, revenue rose 15 percent from a year earlier, while operating performance improved by nearly 500 billion won.

OLED accounted for 55 percent of the entire sales, up 8 percentage points from a year ago.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) reached 1.23 trillion won, with a margin of 20 percent—the highest since the third quarter of 2021.

By revenue share, product sales were composed of 22 percent from TV panels, 35 percent from IT panels, 34 percent from mobile and other panels, and 9 percent from automotive panels.

LG Display aims to maintain stable profitability by enhancing OLED competitiveness, reducing costs, and improving operational efficiency.

For small- to mid-sized OLEDs, the company plans to meet demand from high-end smartphones and information and technology (IT) devices while reinforcing its technological leadership.

Shipments of mobile OLEDs to key global clients are rising, supported by quality and cost advantages.

In IT displays for tablets and laptops, LG Display is expanding the use of tandem OLED technology, which offers lower power consumption, longer lifespan, and higher brightness.

For large OLEDs, the company has restructured operations following the sale of its LCD plant in Guangzhou, China, and is focusing on premium products such as 4th-generation OLED TVs and OLEDs for gaming, while adopting a demand-based flexible strategy.

Proceeds from the Guangzhou sale will be used to strengthen its financial position and invest further in OLED.

LG Display also plans to grow its automotive display business. The company noted that its customer base, previously centered in the U.S. and Europe, is expanding across Asia, including Korea, Japan, and China.

It expects automotive display revenue to triple over the next three years.