LG Display Co. Ltd. reported fourth-quarter FY21 revenue growth of 18 percent year-on-year to KRW 8.81 trillion. The ASP rose 2 percent Y/Y to $806. The display area shipment rose 8 percent Y/Y to 9.4 M m². The capacity rose 7.4 percent Y/Y to 11.6 M m². The gross margin contracted 360 bps to 14.9 percent. The operating profit declined 29.8 percent Y/Y to KRW 476 billion, with the margin contracting by 360 bps to 5.4 percent. A steep decline in TV panel prices hit the profit that offset solid shipments of smaller screens used for computers, laptops, and smartphones, Reuters reports. During October-December, prices of 55-inch liquid crystal display (LCD) panels for TV sets fell 37 percent from the previous quarter, as per TrendForce’s WitsView. The EBITDA decreased 6.9 percent Y/Y to KRW 1.645 trillion. The margin contracted 490 bps to 18.7 percent. It held KRW 4.3 trillion in cash and …