LG Display Could Post Wider-than-expected 2Q Loss on Restructuring Cost

Dow Jones06-29

0446 GMT - LG Display could post a wider 2Q loss than the market expects due to a one-off cost for business restructuring, Nomura's Eon Hwang and YJ Kim say. The South Korean flat-screen maker's operating loss is expected to come in at around 96 billion won for the April-June period, compared with the market consensus estimate of a 55 billion won loss, the analysts reckon. Excluding the one-off cost, the firm's major business likely improved, they say. Its organic light-emitting diode TV panel sales likely rose 9.7% from a year earlier in 2Q, driven by the World Cup soccer games, with its OLED monitor shipments likely having jumped 86%, they add. (kwanwoo.jun@wsj.com)

 

(END) Dow Jones Newswires

June 29, 2026 00:46 ET (04:46 GMT)

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