FILE PHOTO: A man walks out of the headquarters of LG Display in Seoul, October 20, 2011. REUTERS/Jo Yong-Hak/File Photo
SEOUL (Reuters) – South Korea’s LG Display Co Ltd reported its fifth straight quarter of operating losses on Thursday, hit hard as demand for smartphones and televisions slumped due to the coronavirus pandemic.
The operating loss for the first quarter ended March widened to 362 billion won ($294.70 million), from a loss of 132 billion won a year earlier, and compares with a Refinitiv SmartEstimate drawn from 19 analysts for a 390 billion won loss.
The Apple Inc supplier said revenue fell 20% to 4.7 trillion won.
($1 = 1,228.3600 won)
Reporting by Heekyong Yang and Hyunjoo Jin; Editing by Himani Sarkar
Our Standards:The Thomson Reuters Trust Principles.
This article was originally published by Reuters.com. Read the original article here.