LG Display Achieves Strong Q2 2024 Revenue Growth
Company Announcements

LG Display Achieves Strong Q2 2024 Revenue Growth

LG Display (LPL) has released an update.

LG Display Co., Ltd. reports a significant rebound in Q2 2024, with revenues soaring to KRW 6,708 billion, marking a 28% increase from Q1 and a 42% hike from the same period the previous year. The company also managed to dramatically reduce its operating deficit, reflecting an improvement in its financial health and a more efficient cost structure. LG Display is focusing on enhancing its OLED business and high value-added products, aiming for a stable profit structure amidst market uncertainties.

For further insights into LPL stock, check out TipRanks’ Stock Analysis page.

Related Articles
TheFlyLG Display downgraded to Sell from Buy at Citi
TheFlyCiti double downgrades LG Display to Sell amid ‘fierce competition’
TheFlyJPMorgan downgrades LG Display to Neutral on slower turnaround
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App