LG Display Posts Q1 Loss

LG Display Co Ltd LPL posted a net loss for the first quarter. LG Display posted a quarterly net loss of KRW129.2 billion ($113 million), versus a KRW115.4 billion net loss in the year-ago period. However, analysts were expecting a net loss of KRW130.7 billion. LG Display posted an operating loss of KRW178.2 billion, versus KRW239.2 billion operating loss. Its sales climbed 15.2% to KRW6.18 trillion from KRW5.37 trillion. LG Display shares closed at $11.54 yesterday.