Future Tech

LG Display reports Q2 loss on weak demand for panels

Tan KW
Publish date: Thu, 25 Jul 2024, 02:21 PM
Tan KW
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Future Tech

SEOUL - 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.

 


  - Reuters

 

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