LG Display reports third quarterly loss on weak demand, R&D delays


AP

SEOUL — LG Display Co., the world’s second-largest maker of liquid crystal displays, Tuesday reported its third straight quarterly loss due to feeble demand for TVs and delays in developing new tablet panels.

The company said in a statement that it suffered a net loss of 129 billion won (US$113 million) for the January-March quarter, smaller than analyst expectations for a loss of 133 billion. It had a net loss of 115 billion won a year earlier.