LG Display posts 6th straight qtr loss

A year ago,LG Display reported a 239 billion won loss,and it lost 145 billion won in the preceding quarter.

Analysts expect a return to a profit from the second quarter as it ships more high-end products,including panels for the new iPad and 3D screens for televisions.

LCD panel makers from Samsung to Japan8217;s Sharp Corp are struggling with oversupply on slack sales of TVs and computers in mature markets. Panels for TVs,computer monitors and laptops account for 80 percent of LG Display8217;s revenues,with the rest coming from mobile phones and tablets.

LG Display forecast on Tuesday panel prices would rise slightly in the second quarter from the previous quarter on growing sales of high-end displays,while shipments are seen climbing by around 10 percent.

Shares of LG Display closed down 0.9 percent on Tuesday versus a 0.5 percent drop in the wider market. The stock has fallen 16 percent in the past two months 8211; hitting a 14-week low on Friday 8211; and is down 36 percent on a year ago.