Nomura: LG Display’s Q2 loss may exceed expectations due to restructuring costs

Golden Ten Data, June 29 — Nomura analysts Eon Hwang and YJ Kim stated that, due to one-time costs from business restructuring, LG Display's second-quarter loss may exceed market expectations. The analysts estimate an operating loss of about 96 billion KRW for the second quarter, while the market average expectation is a loss of 55 billion KRW. Excluding one-time costs, the company's core business may show some improvement. The analysts added that, driven by the FIFA World Cup, its second-quarter OLED TV panel shipments may grow by 9.7% year-on-year, while its OLED monitor shipments may have surged by 86%.