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World's top LCD panel maker LG Display sees profit plunge 96%

Price competition drained earnings in 2018, but company expects OLED profit this year

LG Display expects the OLED panel business to turn a full-year profit for the first time in 2019.   © Reuters

SEOUL -- LG Display's operating profit tumbled 96% last year to 92.9 billion won ($83.2 million), the South Korean company said on Jan. 30, drained by competition in a saturated liquid crystal display panel market.

The results mark a stark reversal for the world's largest LCD panel maker, which reported record profit in 2017.

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