LG Display reports Q2 loss on weak demand for panels (updated)

LG DISPLAY

25/07/2024 05:41

(Adds revenue in paragraph 4)
       SEOUL, July 25 (Reuters) - South Korean flat-screen
maker LG Display  034220.KS  reported a second consecutive
quarterly loss on weak demand for large display panels for TVs
and small panels for smartphones. 
    The Apple  AAPL.O  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. 
    
($1 = 1,386.3900 won)

 (Reporting by Joyce Lee and Heekyong Yang; Editing by Christian
Schmollinger)
 ((joyce.lee@tr.com;))