LG Display Reports Annual Operating Loss of KRW 1.3593 Trillion Last Year... Returns to Deficit (Update)
[Asia Economy Reporter Dongwoo Lee] LG Display announced on the 31st that its consolidated operating loss for the previous year was 1.3593 trillion KRW, turning to a deficit compared to the previous year.
Last year's sales amounted to 23.4755 trillion KRW, a 4% decrease compared to the previous year, and the net loss for the period was 2.8297 trillion KRW.
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LG Display stated that it recorded an operating loss and turned to a deficit due to intensified competition within the industry and a continued annual decline in panel prices. Additionally, it explained that the net loss expanded due to the reflection of asset impairment amounting to a total of 1.6 trillion KRW.
This content was produced with the assistance of AI translation services.
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