LG Display Q1 loss widens amid falling LCD prices

South Korean display maker LG Display Co has said its losses widened in the first quarter from a year ago due to low LCD panel prices.

LG Display logged 63 billion won ($55 million) in net losses in the January-March period, compared with 49 billion won in losses a year earlier, the firm said in a regulatory filing, Yonhap news agency reported.

The company booked 132 billion won in operating losses, while sales rose 4% on-year to 5.88 trillion won, in the first three months of this year, the company said.

The average price of the firm’s 50-inch LCD for TVs dropped 23% on-year in the first quarter, according to WitsView, a division of TrendForce.