LG Display shows quarterly results below expectations

Korean's company LG Display, the world's second largest manufacturer of LCD panels, today announced the receipt of net profit in the second quarter, which was worse than expected amid slowing spending users on mobile devices, PC monitors and TVs.

Net income, net of a number of articles in operating expenses amounted to 105.7 billion Korean won, or $ 94 million for the period April to June this year. A year earlier, the company had a loss of 111.2 billion won. Analysts expect from LG Display profit of 205.9 billion won.

James Jeng, chief financial officer, said that while LG Display nedotyagivaet to the desired speed on the background of falling sales in the most profitable areas - the industry's large-format televisions, high-end mobile devices, and a number of other areas. He also noted that the company does not expect significant breakthroughs in sales in the current year as the global economy does not yet have to do this.



According to published reports, the company's operating profit amounted to 365.9 billion won on sales of 6.57 billion won.

http://www.lgdisplay.com/