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LG Display Reports 2024 Financial Results Amid Market Challenges

Story Highlights
  • LG Display operates in the display technology industry, focusing on OLED and LCD panels.
  • In 2024, LG Display reported increased revenues but a net loss due to market challenges.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
LG Display Reports 2024 Financial Results Amid Market Challenges

The latest update is out from LG Display ( (LPL) ).

LG Display Co., Ltd. released its consolidated financial statements for the year ending December 31, 2024, audited by Samil PricewaterhouseCoopers. The report highlights a decrease in total assets and liabilities compared to the previous year, with total assets at approximately 32.86 trillion KRW and liabilities at 24.79 trillion KRW. Despite an increase in revenues to 26.62 trillion KRW, the company reported a net loss of 2.41 trillion KRW, reflecting ongoing challenges in the competitive display market. The audit identified key issues, such as impairment tests on cash-generating units, due to continuous operating losses and market conditions.

More about LG Display

LG Display Co., Ltd. operates in the display technology industry, focusing on the production and development of display panels, including OLED and LCD technologies. The company is headquartered in Seoul, South Korea, and serves a global market with its advanced display solutions.

YTD Price Performance: 5.16%

Average Trading Volume: 205,176

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $3.12B

See more data about LPL stock on TipRanks’ Stock Analysis page.

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