Flexible Electronics News

LG Display Reports First Quarter 2020 Results

The revenue decrease of 26% quarter on quarter was driven by low seasonality.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

LG Display reported unaudited earnings results based on consolidated K-IFRS for the three month period ending March 31, 2020. Revenues in the first quarter of 2020 decreased by 26% to KRW 4,724 billion ($3.84 billion) from KRW 6,422 billion ($5.21 billion) in the fourth quarter of 2019 and decreased by 20% from KRW 5,879 billion ($4.77 billion) in the first quarter of 2019. Operating loss in the first quarter of 2020 recorded KRW 362 billion ($290 million). This compares with the operating los...

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