Japan Display Inc. said Tuesday it posted a group net loss of 101.42 billion ($938 million) in fiscal 2019, a red ink figure for the sixth straight year, due to hefty restructuring costs and weak demand for products.
In a delayed earnings report due to the new coronavirus outbreak, the struggling panel-maker logged a consolidated operating loss of 38.54 billion in the business year through March, on sales of 504.02 billion, down 20.8 percent from a year earlier.
The smartphone display supplier to Apple Inc. did not present a detailed business outlook for fiscal 2020, but just said its sales are expected to drop 15 to 20 percent from a year earlier due largely to falling demand caused by the virus pandemic.
The coronavirus (pandemic) d…
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