SEOUL, Jan. 23 (Yonhap) -- LG Display Co., a flat panel maker, said Tuesday its net profit slipped 94.7 percent in the fourth quarter from a year earlier, largely due to weak panel prices and a strong local currency.
The company said in a regulatory filing that its net profit came to 43.6 billion won (US$40.7 million) in the October-December period, compared with 824.7 billion won a year earlier.
Operating profit shrank 95.1 percent to 44.5 billion won from 904.3 billion won a year earlier, and sales declined 10.2 percent on-year to 7.13 trillion won, it said.
Shares of LG Display closed at 30,750 won on the Seoul bourse Monday, up 0.99 percent from the previous session's close. The fourth-quarter report was released before the market opened Tuesday.
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