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LG Display says panel demand to remain weak in first quarter

Reuters
The LG company logo is seen following an event during the annual Consumer Electronics Show (CES ) in Las Vegas, Nevada January 6, 2014. REUTERS/Robert Galbraith

SEOUL (Reuters) - South Korea's LG Display Co Ltd forecast demand for its panels to remain weak in the first-quarter, citing uncertainties in the global economy.

"It is difficult to expect a recovery in demand during the first quarter as economic uncertainties persist," LG Display Chief Financial Officer Don Kim said in a statement issued on Wednesday.

A day earlier, the company reported its lowest quarterly profit in nearly four years, as weak demand for consumer electronics weighed on display panel prices in the fourth-quarter.

(Reporting by Se Young Lee)