27-04-2016 02:49 via news.yahoo.com

LG Display first-quarter down 95 percent vs year ago, but beats forecast

By Se Young Lee SEOUL (Reuters) - South Korea's LG Display Co Ltd said on Wednesday its first-quarter operating profit fell 95 percent from a year earlier, beating market expectations but still the weakest in four years as soft tech demand hit display panel prices. The world's top liquid crystal display maker has warned of difficult market conditions due to sluggish global economic growth and industry oversupply. Researcher IHS says prices of liquid crystal displays for products including laptop
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