LG Display Posts Q2 Loss

LG Display Co LPL posted net loss in the second quarter. LG Display posted a quarterly net loss of KRW112 billion ($98 million), versus a year-ago net profit of KRW21 billion. However, analysts were expecting a net profit of KRW2.6 billion. LG Display posted an operating loss of KRW26 billion, versus an operating loss of KRW48 billion. Its sales climbed 14% to KRW6.910 trillion versus KRW6.047 trillion. LG Display shares closed at $9.08 yesterday.