SEOUL (Reuters) – South Korean flat-screen maker LG Display Co Ltd posted on Wednesday its second consecutive quarterly loss, as soaring inflation and a gloomy economic outlook dealt a further blow to lacklustre demand for TVs and smartphones.
The Apple Inc supplier posted a 759 billion won ($532.13 million) operating loss for the July-September quarter, compared with a profit of 529 billion won in the same period last year.
It missed an average forecast of a 474 billion won loss from 12 analysts polled by Refinitiv SmartEstimate.
($1 = 1,426.3300 won)
(Reporting by Joyce Lee; Editing by Jacqueline Wong)
