ID :
24442
Tue, 10/14/2008 - 17:23
Auther :
Shortlink :
http://m.oananews.org//node/24442
The shortlink copeid
LG Display Q3 net down 44 pct
SEOUL, Oct. 14 (Yonhap) -- LG Display Co., the world's No. 2 maker of liquid crystal displays (LCDs), reported Tuesday that its third-quarter net income fell nearly 44 percent from a year earlier amid a global economic slowdown.
LG Display earned 295 billion won (US$245 million) in the three months ended
Sept. 30, down 43.7 percent from 524 billion won a year earlier, the company said
in a regulatory filing. The bottom line also plunged 61.1 percent from the
previous quarter.
Sales slipped 2.3 percent on-year to 3.86 trillion won, with operating profit
plummeting 63.3 percent to 254 billion from 693 billion won a year earlier
LG Display cut its forecast for third-quarter earnings earlier this month, citing
a worsening global economic environment that is sapping consumer spending.
LG Display earned 295 billion won (US$245 million) in the three months ended
Sept. 30, down 43.7 percent from 524 billion won a year earlier, the company said
in a regulatory filing. The bottom line also plunged 61.1 percent from the
previous quarter.
Sales slipped 2.3 percent on-year to 3.86 trillion won, with operating profit
plummeting 63.3 percent to 254 billion from 693 billion won a year earlier
LG Display cut its forecast for third-quarter earnings earlier this month, citing
a worsening global economic environment that is sapping consumer spending.
