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Apple supplier JDI logs $1bn loss as white knight hesitates

iPhone display maker stuck in 5th consecutive year of red ink

Japan Display has warned investors that there is doubt as to its ability to operate as a going concern.

TOKYO -- Japan Display, the result of a government-led attempt to give new life to the country's once-vibrant display industry, on Wednesday showed just how hobbled it is as it awaits a bailout from a now-hesitant Taiwanese-Chinese consortium.

JDI on Wednesday released its financial results for the 12 months through March. It incurred a net loss of 109.4 billion yen ($1 billion) on a consolidated basis for fiscal 2018, compared with a net loss of 247.2 billion yen the previous fiscal year.

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