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October 16, 2018

LG Display posts net loss in Q2

PUBLISHED : July 25, 2018 - 09:44

UPDATED : July 25, 2018 - 09:44

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[THE INVESTOR] LG Display said on July 24 it posted a net loss in the second quarter of 2018.

The net loss came to 300.5 billion won (US$267 million) in the April-June period, compared with a profit of 736 billion won a year earlier, LG Display said in a regulatory filing.

The company also turned to an operating loss of 228.1 billion won over the cited period, compared with a profit of 804 billion won tallied for the same three-month period in 2017.

Sales plunged 15.4 percent to 5.6 trillion won in the second quarter on-year, it added.

By Song Seung-hyun and newswires (ssh@heraldcorp.com)


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