LG Display reports Q2 loss on weak demand for panels


FILE PHOTO People visit the LG display at the international consumer technology fair IFA in Berlin Germany September 2 2022. REUTERSLisi NiesnerFile photo

FILE PHOTO: People visit the LG display at the international consumer technology fair IFA in Berlin, Germany September 2, 2022. REUTERS/Lisi Niesner/File photo

SEOUL (Reuters) - 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.

Revenue rose 42% to 6.7 trillion won.

($1 = 1,386.3900 won)

(Reporting by Joyce Lee and Heekyong Yang; Editing by Christian Schmollinger)

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