LG Display Sees Profit Plunge Amid Weak Panel Prices

  • Arirang News

    January 24, 2018 09:26

    LG Display's operating profit plunged 95 percent on-year in the fourth quarter of last year to just US$41.2 million, well below the $230 million forecast by economic analysts.

    This is the company's lowest quarterly operating profit since the second quarter of 2016. Weak panel prices and a strong won were blamed for the plunge.

    Prices of LCD TV panels dropped nearly 30 percent last year due to falling demand for large-screen TVs.

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