Apple supplier LG Display posts wider first-quarter loss as pandemic dents demand [Reuters]
LG Display Co, Ltd AMERICAN DEPOSITORY SHARES (LPL)
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Source: Reuters
Apple supplier LG Display posts wider first-quarter loss as pandemic dents demand SEOUL (Reuters) - Apple Inc supplier LG Display Co Ltd warned of a sharp contraction in demand for TVs and smartphones as a result of the new coronavirus outbreak in the current quarter, after widening its first-quarter losses. The South Korean panel maker posted its fifth straight quarter of operating losses, as the coronavirus pandemic added to the problems of the industry already grappling with demand falls and a supply glut. LG Display posted an operating loss of 362 billion won ($294.70 million), better than Refinitiv SmartEstimate’s 390 billion won loss, but nearly triple the operating loss of 132 billion won a year earlier. Revenue fell 20% to 4.7 trillion won. LG Display said an increase in working from home and online activities meant demand for products such as monitors, laptops and tablets would increase in the second quarter, but it might not be enough to offset weak demand for TVs and smartp
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LPL
Sec Filings
- 11/28/25 - Form 6-K
- 11/14/25 - Form 6-K
- 11/3/25 - Form 6-K
- LPL's page on the SEC website