LG Display Q4 profit slumps, hit by lower TV panel prices and one-off cost

FILE PHOTO: An LG Electronics' logo is pictured on a TV displayed at a shop in Seoul, South Korea, April 26, 2016. REUTERS/Kim Hong-Ji

SEOUL (Reuters) - South Korea's LG Display Co Ltd on Wednesday reported a 30% drop in quarterly operating profit as a one-off cost related to profit-sharing plan and lower TV panel prices offset solid shipments of smaller screens for computers, laptops and smartphones.

The Apple Inc supplier posted an operating profit of 476 billion won ($397.64 million) for the October-December quarter, down from 678 billion a year earlier.