LG Display returns to quarterly loss on drop in off-season demand (updated)

LG DISPLAY

25/04/2024 05:55

(Adds detail in paragraph 4 on string of quarterly losses)
       SEOUL, April 25 (Reuters) - South Korean flat-screen
maker LG Display  034220.KS  returned to an operating loss in
the first quarter, hit by weakening demand for large display
panels for TVs and small panels for smartphones. 
    The Apple  AAPL.O  supplier posted an operating loss of 469
billion won ($341 million) for the January-March quarter after a
profit in the previous quarter. 
    The result compares with a loss of 1.1 trillion won a year
earlier and was better than a loss of 630 billion won forecast
by LSEG SmartEstimate. 
    LG Display had posted six consecutive quarterly losses
before reporting a profit in the fourth quarter of 2023 because
of an increase in year-end holiday seasonal demand. 
    
    ($1 = 1,376.6200 won)

 (Reporting by Joyce Lee and Ju-min Park; Editing by Tom Hogue)
 ((joyce.lee@tr.com;))