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Asia300

LCD price collapse drowns once-flying panel makers

Mass production by Chinese companies eats into profits at LG and Taiwan rivals

SEOUL/TAIPEI -- Manufacturers of liquid crystal display panels have been hit hard by falling prices stemming from weak demand for TVs, and with Chinese players further ramping up output, the market's ill winds look unlikely to abate soon.

LG Display, the leader in large panels for televisions and other devices, suffered an operating loss of 228 billion won ($202 million) in April-June -- 2.3 times the previous quarter's loss -- on sales down 15% year on year at 5.61 trillion won, it said Wednesday. This marked the second straight quarterly operating loss. The South Korean company's January-March loss, its first in six years, was an abrupt turnaround from its record profit for all of 2017.

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