LG Display falls to net loss in Q3 on falling LCD prices

Seoul: South Korean display maker LG Display Co. has said that it registered a net loss in the third quarter (Q3) due to the low liquid crystal display (LCD) panel prices and weak global demand.

LG Display logged 442.2 billion won ($377.1 million) in net loss for the July-September period, compared with 17.5 billion won of profit a year earlier, the firm said in a regulatory filing.

The company booked 436.7 billion won in operating losses and sales fell 5 per cent on-year to 5.8 trillion won in the Q3, the company said, according to a Yonhap news agency report on Wednesday.