LG Display posts a loss

Samsung just announced a small profit for the quarter in their display division. LG not able to turn to a profit yet. More sales doesn't mean more money in the bank. CE industry has to stop driving sales at a loss.

JZ

LG Display Reports Higher Sales, Loss

TWICE Staff -- TWICE, 7/26/2012

Seoul, Korea - LG Display reported higher revenue and a loss during the second quarter.

Revenue was 6.91 trillion won, up from the prior year's 6.04 trillion won. LG Display reported a net loss of 112 billion won, compared with profits of 21 billion won in the prior year's second quarter.

LG Display blamed the loss on slow second-quarter demand for TVs and the price fixing case in the U.S. last year that, accounting for the three defendants, was up to $380 million in penalties.