January 26, 2016 / 7:17 AM / 2 years ago

LG Display Q4 operating profit tumbles 90 pct vs year earlier

SEOUL, Jan 26 (Reuters) - South Korea’s LG Display Co Ltd said its fourth-quarter operating profit slid 90 percent from a year earlier, missing market expectations, as weak demand for consumer electronics weighs on panel prices.

LG, the world’s top liquid crystal display maker, posted October-December profit of 61 billion won ($50.6 million). This compares with a Thomson Reuters StarMine SmartEstimate of 110 billion won derived from a survey of 24 analysts. ($1 = 1,205.1800 won) (Reporting by Se Young Lee; Editing by Edwina Gibbs)

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