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

July 28, 2010

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.

About the Author

Agence France-Presse

Copyright Agence France-Presse, 2002-2024. AFP text, photos, graphics and logos shall not be reproduced, published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. AFP shall not be held liable for any delays, inaccuracies, errors or omissions in any AFP content, or for any actions taken in consequence.