SEOUL Jan 23 South Korea's LG Display Co Ltd
said operating profit more than halved in the fourth
quarter as soft demand for TVs continued to compress screen
prices, outweighing a sales rebound in displays for Apple Inc's
The world's biggest maker of liquid crystal displays on
Thursday posted operating profit of 257 billion won ($241
million) for October-December, down 56 percent from a year
That compared with a 238 billion won mean estimate of 31
analysts polled by Thomson Reuters I/B/E/S.
Shares of LG Display, worth $11.15 billion, closed down 0.4
percent ahead of the earnings release, compared with the
benchmark index which was 1.2 percent lower.
($1 = 1067.3000 Korean won)
(Reporting by Miyoung Kim; Editing by Christopher Cushing)