LG Display Posts Record Loss on Panel Prices, Weaker Won
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LG Display Co., the world’s second-largest maker of liquid-crystal displays, reported a record quarterly loss after panels prices dropped and the won weakened.
The net loss in the three months ended in September totaled 687.5 billion won ($600 million) compared with a 141.6 billion won average of 22 analysts’ estimates compiled by Bloomberg. The company had net income of 224.2 billion won a year earlier.