LG Display shrinks quarterly loss on Apple, Olympics demand

SEOUL: South Korean flat-screen maker LG Display narrowed losses from a year earlier in the June quarter as shipments of new panels for client Apple and TV panels before the Olympics improved profitability, analysts said.

The Apple supplier posted an operating loss of 94 billion won ($67.8 million) for the April-June quarter, beating an estimate for a 308 billion won loss by LSEG SmartEstimate, weighted toward analysts who are more consistently accurate.