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News Summary: LG Display sinks to loss in 2Q

By The Associated Press
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THE RESULTS: LG Display reported a wider-than-expected quarterly loss Thursday.

WHAT HAPPENED: LG Display says its bottom line was hurt by a one-time penalty to settle a price-rigging case in the United States as well as persistently feeble demand for TVs. Sales of TV panels account for about half of revenue.

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