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LG Display Reports Q2 Loss Amid Weak Demand for Panels

Weak Demand: LG Display reported a second consecutive quarterly loss due to weak demand for large display panels for TVs and small panels for smartphones .

Operating Loss: The Apple supplier posted an operating loss of 94 billion won ($67.8 million) for the April-June quarter .Revenue Increase: Despite the loss, revenue rose 42% to 6.7 trillion won .

LG Display

 

Comparison to Previous Year: 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 .

Currency Conversion: ($1 = 1,386.3900 won)

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