LX Semicon disclosed on the 5th that last year's revenue and operating profit were 1.6391 trillion won and 108.9 billion won, respectively. That was down 12.1% and 34.8% from a year earlier.
On a fourth-quarter basis, it posted revenue of 389.8 billion won and operating profit of 24.9 billion won. Compared with the same period a year earlier, revenue fell 22.4% and operating profit fell 18.4%.
The slowdown was largely due to sluggish recovery in demand from downstream industries amid ongoing global economic uncertainty.
In the fourth quarter, the sales mix by application was 46% mobile, 25% IT and 24% TV, while by product it was 43% for large display driver ICs (DDI) and 46% for small DDIs.
LX Semicon plans to focus on research and development of advanced technologies for its core products, including driver ICs, timing controllers and PMICs, and expand the market based on its technological edge.
In new business areas such as MCUs (microcontroller units) and heat-dissipating substrates, it will marshal organizational capabilities to diversify its product portfolio and work actively to secure leading technologies and strengthen its customer base.
An LX Semicon official said, "While strengthening the competitiveness of our core businesses, we will also pick up the pace in fostering new businesses to build a foundation for future growth."
LX Semicon also disclosed the same day that it will pay a cash dividend of 1,500 won per common share as a settlement of account dividend. The dividend yield on common shares is 2.8%, and the total dividends aggregates 24.39645 billion won.
The record date for dividends is the 27th, and the dividend will be paid within one month after the shareholders meeting resolution.