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    HomeNewsWorldInternational ResultsLG Display reports Q2 loss on weak demand for panels

    LG Display reports Q2 loss on weak demand for panels

    The Apple supplier posted an operating loss of 94 billion won ($67.8 million) for the April-June quarter.

    Reuters
    July 25, 2024 / 10:32 IST
    LG Display reports Q2 loss on weak demand for panels

    South Korean flat-screen maker LG Display reported a second consecutive quarterly loss on weak demand for large display panels for TVs and small panels for smartphones.

    The Apple supplier posted an operating loss of 94 billion won ($67.8 million) for the April-June quarter.

    The result compares with a loss of 881 billion won a year earlier and an estimate for a 308 billion won loss by LSEG SmartEstimate.

    Revenue rose 42% to 6.7 trillion won.

    Reuters
    first published: Jul 25, 2024 10:32 am

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