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LG Display Q1 net profit down almost 100 percent YoY seen as

first_imgLG Display announced its first quarter earnings on Wednesday, showing a steep decline in operating and net profits for the display-panel-making affiliate of LG Electronics. The TV and smartphone display manufacturer reported a 99.8 percent drop in Q1 2016 net profit to 1.2 billion won ($1 million) from 475.8 billion won in the same period the previous year.According to the Financial Times, LG Display’s operating profit during the January-March period was 39.5 billion won ($34.43 million), which is the poorest since Q1 2012 and a 95 percent decrease from the same period in 2015. The sales had also dropped 14.7 percent year-on-year (YoY) to 5.9 billion won, the report added.LG Display warned of challenging market conditions, citing slow global economic growth and industry oversupply.LG Display makes display panels for TVs, smartphones, tablets, monitors and notebooks. A major share — 38 percent — of the company’s revenue is sourced from the TV panels, while mobile and monitors make up 23 percent and 15 percent, respectively. Tablets and notebooks together accounted for 24 percent of the company’s Q1 2016 revenue. The company had total revenue of 5.989 trillion won ($5.22 billion) during the period.LG Display broke down the specifics of its quarterly earnings and said the Q1 panel shipments by surface area declined 7.7 percent compared to Q4 2015. The average selling price also declined 17 percent, which shifted the company’s focus towards displays measuring 60 inches to rake in greater profits.LG Display is hopeful for the second-quarter earnings. “Panel shipments in the second quarter of 2016 are expected to increase by a mid-single-digit percentage compared to the first quarter,” Reuters quoted LG Display’s Chief Financial Officer Don Kim as saying.According to the company, the upcoming global sports events such as UEFA Euro 2016 and the Olympic Games in Rio de Janeiro, and China’s Labor Day sales, will increase the shipments and warrant new product launches.Samsung leads the market for small-size OLED displays for smartphone, while LG Display’s dominance is in the large-size TV panels. LG Display is one of the largest providers of Apple’s LCD panels for iPhones and flexible OLED panels for the Apple Watch. But there have been reports that Samsung is trying to win Apple’s exclusive partnership to supply OLEDs for future iPhones.”LG Display is likely to be left empty-handed next year in terms of OLED supply for Apple’s premium phones as it has no capacity for small-size OLED production,” Kim Young-Woo at SK Securities was quoted as saying by FT.last_img read more

Two abducted one returns

first_imgMap of RajshahiUnidentified miscreants have allegedly abducted two college teachers from Charghat upazila of Rajshahi on Saturday afternoon. One of the teachers returned his home in the evening while other remains missing, their relatives said.The victims, Bazlur Rahman, lecturer of political science of Charghat Dakra Degree College, and Shafiqur Rahman Ujjal of the English department of the same college, were picked up at around 11 am while they returning home by motorbike.Eyewitnesses said they were intercepted by another motorbike in front of Anupampur High School while several other persons in a microbus picked them up. The microbus then whisked them off towards Charghat upazila sadar.Bazlur Rahman later returned home in the evening as the abductors left him at Dashuriya of Pabna district. Bazlur said, he couldn’t recognize the abductors and doesn’t have any clue as to why they were picked up.Law enforcers have denied any involvement in the incident.Officer-in-Charge of Charghat police station, Nazrul Islam told Prothom Alo that they know nothing of the incident. But the police is now searching for the abducted teacher.Deputy commander of RAB-5 Ashraful Islam also denied that they conducted any such operation. The force is also looking for the whereabouts of the teacher, he claimed.last_img read more

The Perfume Chick Galleria Takes Care of Healing the Skin

first_imgThe Perfume Chick Galleria, CEO LaShawn Lindsey. (Courtesy Photo)When you think of Suitland, Md., you think of grabbing a bite to eat, going to the nearest metro, or running errands from store-to-store. Would you think of going to a store selling natural products? The Perfume Chick Galleria is just that. Its products are for all-skin types, and are designed to make any male or female feel good and confident while leaving a wonderful, lingering scent.Their slogan: “Smell Good, Feel Good and Look Good,” Antonia Lindsey explains. The Perfume Chick has been open since 2011, but before their grand-opening, it was operated from a garage.The CEO of the company, LaShawn Lindsey, died last month. Co-founder, Von “Soapman” Lindsey, husband of LaShawn Lindsey, and their daughter, Antonia “The Perfume Chick Jr.,” currently run the shop.It all started with troubling eczema Antonia had growing up. It was uncontrollable until her mom discovered a new remedy that soon transformed into a thriving business. “We do shea butters, whip wash, perfume, car fresheners, of course natural soaps, cologne, and mineral-eye shadows,” Antonia explained.The Perfume Chick’s client’s can’t get enough of their shea butter and their most-popular products are “herbal remedy,” which cures eczema, and “mango madness,” which works well for all other skin types, Antonia said. Celebrities such as The Real co-host, Tamar Braxton, and America’s Next Top Model runway coach, Miss J Alexander support the store’s line of products. “Our customer’s rave about our shea butters,” Antonia explains.LaShawn Lindsey was a passionate woman with a vision bigger than she imagined. Once her and her husband, Von opened the shop their bond was unbreakable. The Perfume Chick’s customers are loyal.”What they loved about her was just her outgoing, free-spirited attitude,” Antonia explained. “She made everybody feel loved and welcome. Also, her best product was her fragrances . . . she could match a perfume to your personality and [you would] love it. That’s just who she was . . . that’s why people loved her so much. That’s what she really liked about the place because she creates all the scents for Perfume Chick.”If you are not convinced yet, just swing by and you’ll see what the hype is all about. Perfume Chick is here, and in-loving memory of CEO LaShawn Lindsey, will forever stay.Perfume Chick’s line of products are available online and in-store. To purchase items online go to perfumechick.com. Online orders are available on Monday’s and Tuesday’s and their in-store hours of operation are Wednesday-Saturday from 11:00 a.m-7:30 p.m. For any other inquiries email The Perfume Chick at perfume@perfumechick.comlast_img read more

Quibi Taps Tom Conrad a Snap and Pandora Alum as Chief Product

first_img Will Forte, Kaitlin Olson to Star in Quibi Comedy Series Other recent high-level Quibi hires include CAA talent agent Jim Toth, who is leading content acquisition and talent efforts, and Diane Nelson, former president of DC Entertainment, who is head of operations for content.Conrad, before joining Quibi, most recently was VP of product at Snap where he led the Snapchat product design teams. He left in March 2018 after two years in the job. Snapchat had broadly rolled out an app redesign in early 2018 that prompted a broad backlash among users; the company later reversed course on part of the redesign, moving Stories from a user’s friends from the chat section into the Discover section.Prior to Snap, Conrad was co-creator of music-streaming service Pandora, where he spent a decade serving as chief technology officer and executive VP of product. Conrad started his career at Apple as an engineer on the Finder and System Software teams. He holds a bachelor’s degree in computer science from the University of Michigan.Separately, Conrad currently serves on the board of smart-speaker company Sonos, which went public last summer. Related Meg Whitman and Jeffrey Katzenberg Discuss New Joint Venture Quibi ×Actors Reveal Their Favorite Disney PrincessesSeveral actors, like Daisy Ridley, Awkwafina, Jeff Goldblum and Gina Rodriguez, reveal their favorite Disney princesses. Rapunzel, Mulan, Ariel,Tiana, Sleeping Beauty and Jasmine all got some love from the Disney stars.More VideosVolume 0%Press shift question mark to access a list of keyboard shortcutsKeyboard Shortcutsplay/pauseincrease volumedecrease volumeseek forwardsseek backwardstoggle captionstoggle fullscreenmute/unmuteseek to %SPACE↑↓→←cfm0-9Next UpJennifer Lopez Shares How She Became a Mogul04:350.5x1x1.25×1.5x2xLive00:0002:1502:15 Popular on Variety Tom Conrad has joined Jeffrey Katzenberg’s Quibi to lead product and customer support, becoming the latest addition to the ambitious short-form video venture’s senior management team.Conrad, a former Snap and Pandora exec, had been serving as a board adviser to Quibi since late last year. He was tapped as Quibi’s chief product officer last month, reporting to CEO Meg Whitman. Conrad officially stepped into the new role March 25 where he leads the company’s product design, product management, user research and customer support teams.Conrad’s appointment comes as Quibi (a portmanteau of “quick bites”) has been steadily rounding out its executive ranks ahead of the company’s planned April 2020 launch of a mobile subscription VOD service. Bankrolled with $1 billion from investors that include major Hollywood studios, Quibi has announced a broad range of premium short-form shows — including “Frat Boy Genius,” a series about the rise of Snapchat and co-founder/CEO Evan Spiegel.last_img read more