LG Display shifts to loss in Q4
SEOUL, Jan. 27 (Yonhap) — LG Display Co. on Friday reported its fourth-quarter net loss of 2.09 trillion won (US$1.7 billion), swinging from a profit of 179.5 billion won a year earlier.
The company said in a regulatory filing that it posted an operating loss of 875.7 billion won for the October-December period, compared with a profit of 476.4 billion won a year ago. Sales fell 17.1 percent to 7.3 trillion won.
The operating loss was 11.8 percent higher than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.