Now moving on to our financial results, on page seven – page three, revenue in the first quarter was KRW6.6 trillion down 6% quarter-on-quarter. The demand was strong compared to traditional seasonality, however, delay in the differentiated products and new model development schedule resulted in manufacturing capacity decline. This resulted in 4% shipment decline compared to the previous quarter.After panel prices dropped slightly in the all the months, it remained stable throughout the quarter. Operating loss increased to KRW178 billion and operating margin to minus 3%, while EBITDA margin remained stable at 13%. Net income was minus KRW129 billion.
LG Display Management Discusses Q1 2012 Results - Earnings Call Transcript
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