Demand for High-priced Items Drives AU Optronics Profit Up 55%

The flat-screen manufacturer reported a net profit of US$348 million in the second quarter.

Taiwan's AU Optronics Corp said on July 28 that its net profit in the three months to June jumped 54.6% over the previous quarter, partly due to strong demand for high-priced items.

The firm, a leading flat-screen manufacturer, said its net profit in the second quarter came in at 11.25 billion Taiwan dollars (US$348 million) compared with 7.27 billion Taiwan dollars in the previous three months.

It posted a net loss 6.6 billion Taiwan dollars in the same period last year.

For the second quarter, AUO's large-sized panels reached 29.62 million units, up 8.8% quarter-over-quarter and 32.2% year-over-year. . For the first half of 2010, AUO's large-sized panels totaled 56.84 million units.

For the first half of 2010, the company reported a net profit of 18.5 billion Taiwan dollars on revenues of 240.15 billion dollars. Its earnings per share for the six-month period was 2.05 Taiwan dollars.

Copyright Agence France-Presse, 2010

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