LG Display flags turnaround in H2 after record loss in Q4

Summary Summary Companies Co expects losses to continue but lessen in H1 To cut costs, manage inventory until demand recovers in H2 2023 capex 3 trln won vs 5.2 trln won in 2022 SEOUL, Jan 27 (Reuters) – South Korean display panel maker LG Display (034220.KS) said it planned to cut costs in the first half of this year after posting a record quarterly loss, as global demand for smartphones, computers and televisions remains depressed. The Apple Inc (AAPL.O) supplier flagged a turnaround in the second half, pledging cost-cutting and inventory management until demand for its screens recovers later in…