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Technology Stocks : OLED Universal Display Corp

OLED 118.58

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From: I'manoledguy	1/15/2025 5:40:02 AM
	3 Recommendations Recommended By ladcad mikeemarc tech101 of 29727

South Korean flatscreen maker LG Display said Wednesday it has narrowed yearly losses in 2024 and posted a first quarterly turnaround in the October-December period, thanks to its strategic shift to more profitable organic light-emitting diode panels. In a regulatory filing, LG reported it posted a revenue of 26.6 trillion ($18.3 billion) in 2024, which grew 24.8 percent when compared to the year earlier, while the operating loss stood at 560.6 billion won, down 77.7 percent on-year. Net loss logged 2.4 trillion won, edging down from 2.5 trillion won in 2023. “Sales growth (in 2024) from the previous year is driven by advancing its business structure with a focus on OLED,” the company said in the statement.

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