-
- News
- Books
Featured Books
- pcb007 Magazine
Latest Issues
Current IssueThe Growing Industry
In this issue of PCB007 Magazine, we talk with leading economic experts, advocacy specialists in Washington, D.C., and PCB company leadership to get a well-rounded picture of what’s happening in the industry today. Don’t miss it.
The Sustainability Issue
Sustainability is one of the most widely used terms in business today, especially for electronics and manufacturing but what does it mean to you? We explore the environmental, business, and economic impacts.
The Fabricator’s Guide to IPC APEX EXPO
This issue previews many of the important events taking place at this year's show and highlights some changes and opportunities. So, buckle up. We are counting down to IPC APEX EXPO 2024.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - pcb007 Magazine
LG Innotek Releases Q4 2015 Earnings Results
February 4, 2016 | LG Innotek Co., Ltd.Estimated reading time: 1 minute
LG Innotek Co., Ltd. (CEO Jong-Seok Park) posted sales of 1,590.9 billion KRW and a profit of 45.1 billion KRW in the fourth quarter of 2015 based on the Korean-International Financial Reporting Standards (K-IFRSs). Sales increased by 2.1% and the operating profit decreased by 25.7% from the previous quarter. However, sales decreased by 12.3%, and profit decreased by 22.3% from the year-ago quarter.
LG Innotek posted sales of 6,138.1 billion KRW and a profit of 223.7 billion KRW in 2015. This is a 5.1% and 28.8% decrease respectively from last year.
As a company representative commented, “Slowing growth in the smartphone market led to a decreased demand for smartphone components last year and global competition became more intense. The business environment was not favorable for the company, but new growth engines, including automobile electrical components, have grown steadily.”
This year, LG Innotek plans to diversify clients and products in its core businesses, including automobile electrical components and camera modules. Also, it plans to carry out activities, such as finding and developing new businesses, in preparation for rapid market changes in the future.
Performance by business division
Optics Solution Business unit posted sales of 831.1 billion KRW, which is a 7% increase from the previous quarter, thanks to a sales increase in the Chinese market and in camera modules featuring 12 megapixels or more and optical image stabilization (OIS) camera modules. This sales volume is an 11% decrease compared to the fourth quarter of last year.
Substrate & Material Business unit posted sales of 358.3 billion KRW, which is a 3% decrease from the previous quarter, after withdrawing from the lead frame business, which became a marginal business, and the inventory management of its clients. This sales volume is a 15% decrease compared to the fourth quarter of last year.
Automotive Components and Electronics Business Unit posted sales of 180.5 billion KRW, which is a 11% increase from the previous quarter, due to the supply of new models for Korea and North America including steering and braking motors and automotive cameras. This sales volume is a 25% increase compared to the fourth quarter of last year.
LED Business Unit posted sales of 178.1 billion KRW, which is a 6% decrease from the previous quarter, due to a decrease in demand for the LEDs for TV backlight units (BLUs) and a decrease in product prices due to increasing competition in the market. This sales volume is a 19% decrease compared to the fourth quarter of last year.
Suggested Items
NCAB Group Posts Interim Report Q1 2024
04/26/2024 | NCAB GroupNet sales decreased by 17% to SEK 950.6 million (1,146.4). Compared with the year-earlier period, sales were affected bylower prices and continued inventory adjustments by customers. In USD, net sales decreased 17%. For comparable units, net sales decreased 24% in both SEK and USD.
Rogers Corporation Reports Q1 2024 Results
04/26/2024 | Rogers CorporationNet sales of $213.4 million increased 4.3% versus the prior quarter resulting from higher sales in the AES and EMS business units. AES net sales increased by 4.1% primarily related to higher aerospace and defense (A&D), wireless infrastructure, industrial and renewable energy sales, partially offset by lower EV/HEV and ADAS sales. EMS net sales increased by 2.8% primarily from higher general industrial, A&D and EV/HEV sales, partially offset by seasonally lower portable electronics sales.
KYZEN Announces Exclusive Partnership with Manufacturers’ Representative Restronics Florida
04/25/2024 | KYZEN'KYZEN, the global leader in innovative environmentally responsible cleaning chemistries, proudly announces its strategic partnership with Manufacturers’ Representative Restronics Florida. Just like KYZEN’s commitment to continuously improving precision cleaning, Restronics Florida serves as a consultative OEM sales representative organization dedicated to educating customers to enhance their processes and productivity.
NOTE Releases Interim Report for January-March 2024.
04/23/2024 | NOTENOTE has announced its interim report for January-March 2024.
ZESTRON Welcomes Whitlock Associates as New Addition to their Existing Rep Team in Florida
04/19/2024 | ZESTRONZESTRON, the leading global provider of high-precision cleaning products, services, and training solutions in the electronics manufacturing and semiconductor industries, is thrilled to announce the addition of Whitlock Associates to its esteemed network of sales representatives.