SEOUL, South Korea (AP) -- LG Display suffered a net loss in the fourth quarter after it was slapped with a hefty European Union fine for price fixing late last year.
서울발 (AP) - 지난 해 말 가격담합과 관련하여 EU로부터 상당한 벌금을 부과 당한 후 LG 디스플레이는 4분기 순 손실을 기록했다.
The company, the world's second-biggest maker of liquid crystal displays used in products including flat screen televisions, laptop computers and mobile phones, said in a regulatory filing Friday that it lost 268.4 billion won ($239.3 million) in the three months ended Dec. 31.
평면TV, 노트북컴퓨터와 휴대폰에 들어가는 액정표시장치의 세계 제2위 제조업체인 LG는 금요일 12월 31일말 3개월에 2,684억원 (2,393억불)의 손실액을 발표했다.
LG Display posted net profit of 502.1 billion won a year earlier. The result snapped six straight quarters of net profit for LG Display.
LG 디스플레이는 작년 5,021억 원의 순이익을 올렸었다. 결과적으로 6분기 연속 순이익에 큰 타격을 입혔다.
Sales rose 10 percent to 6.48 trillion won from 5.91 trillion won a year earlier.
재작년 5조 9천 1백억원에서 6조 4천 8백억원으로 10%의 판매가 증가했다.
The EU competition watchdog said in December that it fined LG Display Co. and four Taiwanese manufacturers for fixing prices on LCD panels between 2001 and 2006. LG Display was fined euro 215 million. Industry leader Samsung Electronics Co. escaped a fine because it blew the whistle on the cartel, the European Commission said.
EU의 경쟁감독기관은 2001년에서 2006년까지 LCD 판넬의 가격담합 으로 LG 디스플레이와 4개의 대만 제조사에 벌금을 부과했다. LG의 벌금액은 2억 1천 5백억 유로였다. EU관계자는 업계 1위인 삼성은 상기 가격담합에 대해 언질의 보상으로 벌금을 면제받았다.
LG Display acknowledged in December that it had violated competition law, though said it may appeal the ruling on procedural grounds. The company has yet to decide whether it will appeal, according to spokeswoman Claire Ohm.
LG 디스플레이는 12월 경쟁법의 위반을 시인했지만 절차 근거에 판결에 대해 항고할 수 도 있다고 언급했다.
The fourth-quarter result was not the first time a big fine has sliced into the company's earnings. LG Display recorded a net loss in the final quarter of 2008 after a $400 million price-fixing conspiracy penalty levied in the United States.
4분기 결산이 큰 액수의 벌금에 의해 잠식당한 것 은 이번이 처음이 아니다. LG 디스플레이는 2008년에 미국의 가격담합벌금을 부과당해서 4억불의 순손실을 기록했다.
Lower panel prices also hurt the company in the final three months of last year, despite increased shipments.
회사는 작년에는 출고량의 증강에도 불구하고 최후 3개월의 판넬 가격의 인하로 인하여 타격을 받았다.
Seoul-based LG Display also said it shipped 7.92 million square meters of net display area in the fourth quarter, 27 percent higher than a year earlier and up 10 percent from the previous quarter.
Looking ahead, LG Display said it expects total display area shipments to decline in the current first quarter by a high single digit percentage from the fourth. It also expects a decline in TV panel prices to slow in the first quarter and panel prices for IT products to remain stable.
For all of 2010, LG Display said that sales rose to a record 25.51 trillion won, a gain of 27 percent from the year before. Net profit increased 3.7 percent to 1.16 trillion won.
Shares in LG Display, which released earnings results after the stock market closed, fell 1.7 percent to close at 37,300 won.
(This version CORRECTS percentage gain from the year before for display shipments.)
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