LG Display, a flat panel maker, said on Jan. 23 its net profit slipped 94.7 percent in the fourth quarter from a year earlier.
The company said in a regulatory filing that its net profit came to 43.6 billion won (US$40.70 million) in the October-December period, compared with 824.7 billion won a year earlier.
Operating profit shrank 95.1 percent to 44.5 billion won from 904.3 billion won a year earlier, and sales declined 10.2 percent on-year to 7.13 trillion won, it said.
Shares of LG Display closed at 30,750 won on the Seoul bourse Jan. 22, up 0.99 percent from the previous session‘s close. The fourth-quarter report was released before the market opened.
By Song Seung-hyun and newswires (email@example.com