LG Display posts a major loss
LG Display has come out with their latest revenue report.
The company has posted a record quarterly loss.
This was mostly due to the heavy fines placed on the company over price-fixing charges.
The company also suffered due to falling panel prices as the demand is low in the market.
LG Display posted a 684 billion won net loss for October-December period.
The South Korean company had to book a $400 million fine in the fourth quarter after it was found guilty of price-fixing of LCD panels in the United States.
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