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LG Display registered $3.3 billion in revenues and $820 million in operating loss in the first quarter of 2023.
April 28, 2023
By: DAVID SAVASTANO
Editor, Ink World Magazine
LG Display reported unaudited earnings results based on consolidated K-IFRS (International Financial Reporting Standards) for the three-month period ending March 31, 2023. Revenues in the first quarter of 2023 decreased by 40% to KRW 4,411 billion ($3.3 billion) from KRW 7,302 billion ($5.45 billion) in the fourth quarter of 2022 and decreased by 32% from KRW 6,471 billion in the first quarter of 2022. Operating loss in the first quarter of 2023 recorded KRW 1,098 billion ($820 millon). Th...
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