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Companies

iPhone screen maker Japan Display logs near $1bn first-half loss

Lifeline deal faces potential slip to December amid search for new sponsors

A shopper in China inspects an iPhone 11. JDI is a supplier of screens used in the device.   © Reuters

TOKYO -- Struggling screen maker Japan Display reported a first-half net loss of 108.6 billion yen ($995 million) on Wednesday, hit by sagging sales and plant impairment losses as it continues seeking patrons for a financial bailout.

This marks a record first-half loss for JDI, as the company is known, and the sixth consecutive half that it has reported red ink.

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