LG Display Q4 profit drops 30% on year, hit by lower TV panel prices

LG DISPLAY

26/01/2022 06:51

SEOUL, Jan 26 (Reuters) - South Korea's LG Display Co Ltd
 034220.KS  posted on Wednesday a 30% drop in quarterly
operating profit on the year, hit by a steep decline in TV panel
prices that offset solid shipments of smaller screens used for
computers, laptops and smartphones. 
    The Apple Inc  AAPL.O  supplier posted an operating profit
of 476 billion won ($397.64 million) for the October-December
period, down from 678 billion a year earlier.
    It missed an average analyst forecast of 588 billion won
compiled by Refinitiv SmartEstimate.
($1=1,197.0500 won)

 (Reporting by Joyce Lee; Editing by Clarence Fernandez)
 ((joyce.lee@tr.com;))