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MarketScreener Homepage  >  Equities  >  KOREA EXCHANGE  >  LG Display Co Ltd    A034220   KR7034220004

LG DISPLAY CO LTD

(A034220)
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LG Display : Replaces CEO as It Struggles With Mounting Losses

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09/16/2019 | 09:46am EST

By Kwanwoo Jun

South Korea's LG Display Co. (034220.SE) said Monday that it has replaced its chief executive, Han Sang-beom, with LG Chem Ltd. (051910.SE) President Jeong Ho-young, as the company struggles with mounting losses.

LG Display said in a statement following an emergency board meeting that it was naming Mr. Jeong as its new CEO after Mr. Han offered to resign over the company's recent poor performance.

The replacement, subject to the approval of a shareholders' meeting scheduled for March, came after the company reported that revenue had declined, with its net loss widening significantly in the second quarter ended in June.

LG Display, one of the world's biggest makers of display panels used in smartphones and televisions, has blamed weaker-than-expected demand for its liquid-crystal-display panels on a global supply glut and U.S.-China trade tensions.

The company has stepped up efforts to restructure its business to focus more on organic-light-emitting-diode panels.

Write to Kwanwoo Jun at kwanwoo.jun@wsj.com

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Financials (KRW)
Sales 2019 23 236 B
EBIT 2019 -1 562 B
Net income 2019 -1 552 B
Debt 2019 10 598 B
Yield 2019 0,14%
P/E ratio 2019 -3,71x
P/E ratio 2020 -18,0x
EV / Sales2019 248x
EV / Sales2020 244x
Capitalization 5 743 B
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 29
Average target price 16 189,66  KRW
Last Close Price 16 050,00  KRW
Spread / Highest target 43,3%
Spread / Average Target 0,87%
Spread / Lowest Target -37,7%
EPS Revisions
Managers
NameTitle
Sang-Beom Han Chairman & Chief Executive Officer
Sung-Hyun Kim Managing Director & Head-Finance
Hyeong-Seok Choi Managing Director & Head-IT business
In-Byung Kang CTO & Senior Managing Director
Sung-Sik Hwang Independent Director
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