Taiwan's AU Optronics profit dives 98 percent

Oct 27, 2010

Taiwan's AU Optronics Corp said Wednesday its net profit in the three months to September plummeted 98 percent from the previous quarter due to falling prices.

The firm, a leading flat-screen maker, said net profit in the period was 227 million Taiwan dollars (7.32 million US), compared with 11.25 billion Taiwan dollars in the previous three months.

The figure also represented a 97-percent fall from the same period last year, when the company reported a profit of 7.42 billion Taiwan dollars, it said.

AUO's revenue in the third quarter was down 3.3 percent from the previous quarter at 124 billion Taiwan dollars.

The company attributed the sharp declines to inventory adjustments by its customers and lower-than-expected panel prices.

"Looking into the fourth quarter, AUO will continuously adjust its capacity utilisation rates based on market demands," said company chief financial officer Andy Yang in a statement.

For the first nine months of 2010, the company reported a of 18.74 billion Taiwan dollars on revenue of 364 billion dollars.

Explore further: China's Xiaomi raises more than $1 bn in funding

add to favorites email to friend print save as pdf

Related Stories

Taiwan's AU Optronics sees profit up 54.6 percent

Jul 28, 2010

Taiwan's AU Optronics Corp said Wednesday its net profit in the three months to June jumped 54.6 percent over the previous quarter, partly due to strong demand for high-priced items.

Taiwan's HTC says profit down 30 percent

Apr 06, 2009

Taiwan's smartphone maker HTC Corp posted a year-on-year 30 percent fall in first quarter net profit as the global economic meltdown hit sales, the company said Monday.

Taiwan Semiconductor profits soar

Jan 28, 2010

Taiwan Semiconductor Manufacturing Co said Thursday net profits in the three months to December more than doubled from a year earlier due to strong demand for computer application chips.

Recommended for you

China's Xiaomi raises more than $1 bn in funding

6 hours ago

China's top smartphone seller Xiaomi Corp. is raising more than $1 billion in a fresh round of funding, a move which would raise its valuation above $45 billion, a report said Sunday.

Why the Sony hack isn't big news in Japan

Dec 20, 2014

Japan's biggest newspaper, Yomiuri Shimbun, featured a story about Sony Corp. on its website Friday. It wasn't about hacking. It was about the company's struggling tablet business.

Sony faces 4th ex-employee lawsuit over hack

Dec 20, 2014

A former director of technology for Sony Pictures Entertainment has sued the company over the data breach that resulted in the online posting of his private financial and personal information.

Sony tells AFP it still plans movie release

Dec 20, 2014

Sony Pictures boss Michael Lynton denied Friday the Hollywood studio has "caved" by canceling the release of "The Interview," and said it still hoped to release the controversial film.

2012 movie massacre hung over 'Interview' decision

Dec 19, 2014

When a group claiming credit for the hacking of Sony Pictures Entertainment threated violence against theaters showing "The Interview" earlier this week, the fate of the movie's big-screen life was all but ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.