South Korea's LG Display, the world's number two LCD flat panel display industry, said on Thursday that a lower operating profit in six chapters, and prices dropped the team to weak consumer demand for TVs and computers. He said LG Display profit work in July and September billion won million, better than the expectations of those who won the polled I / B / E / O, but the lowest level since the first quarter of 2009.
Shipment growth also weakens retailers are not keen to stock up on TVs and computers, worried about being saddled with inventory in the global economy faltering. The market hit the bottom of the LCD, but it will take time for LCD makers to run around. Said Sung Lee, fund manager at asset management hello profits that will remain weak until the fourth quarter.
Analysts had predicted that the company will swing to a loss in the current quarter and show a slow recovery, profit, and the global economy is still fragile in effect on the demand for consumer goods. Is set to panel prices dropped nearly 30% on average from April to September, to further decline as producers in television and made a strong prices to boost demand. It is expected to increase these pressures on the prices of most makers of the Group.
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