LG Display posted a loss of $3.5 billion, faces fourth quarterly loss in a row

Revenue fell 8 percent to 6.4 trillion won, LG Display said in a regulatory filing.


Apple supplier LG Display Co Ltd reported its fourth quarterly operating loss in a row on Friday, hit by lower liquid crystal display (LCD) panel prices and restructuring costs.

LG's Nanocell TV. Image: LG Electronics

LG's Nanocell TV. Image: LG Electronics

The South Korean company posted a loss of 422 billion won ($3.5 billion) in the October-December quarter, compared with an operating profit of 279 billion won ($2.3 billion) in the same period a year previous.

This was smaller than the analyst estimate of a 578 billion won loss, according to Refinitiv SmartEstimate based on the estimate of 19 analysts.

Revenue fell 8 percent to 6.4 trillion won, LG Display said in a regulatory filing.

 


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