Chunghwa Picture Tubes Ltd (
Chunghwa Picture Tubes said it eked out profits of NT$1.02 billion (US$31.61 million), or NT$0.13 per share, for the October-December period of last year, from losses of NT$4.53 billion in the fourth quarter of 2004.
During the same period, gross margin more than doubled to 11 percent from 5 percent quarter-on-quarter, rather than a mild increase as the company expected in November last year.
"The supply almost matched demand in the fourth quarter of 2005, compared to a surfeit a year earlier," Brian Lee (
The price for LCD panels recovered to US$158 per unit during the final quarter of last year, up around 14 percent from US$139 a year ago, according to the company's statistics.
Lee also contributed the better-than-expected performance to selling more high-margin LCD panels for notebook computers.
Unit sales of notebook computer panels grew to make up 22 percent of the company's total sales, up from 18 percent in the third quarter, according to Chunghwa Picture Tubes.
Revenues jumped some 42 percent to NT$33.78 billion, the firm posted earlier.
Chunghwa Picture Tubes would further strengthen its cost-control ability to cope with the cyclical LCD industry, Lee said.
Last quarter, Chunghwa Picture Tubes saved 5 percent in cost, compared to the third quarter of 2005, which was one of the major factors helping the company return its books to the black, Lee said.
The company declined to offer a detailed outlook for the current quarter, citing a quiet period as the government reviews the US$300-million overseas bond issuance.
Chunhwa Picture Tubes plan to use the proceedings to fund a next-generation plant.
Chunghwa Picture Tubes yesterday cut its projected capital spending for 2006 by almost 13 percent to NT$22.8 billion from the original estimated figure of NT$26.1 billion, according to the company.
For 2008, the company said it planned to spend NT$8.8 billion on new facilities and equipment.
Chunghwa Picture Tubes also said that it scrapped its money-losing plasma-display-panel (PDP) business a few months ago.
The company posted pre-tax losses of NT$6.19 billion for the PDP business last quarter.
Chunghwa Picture Tubes shares were down 2.33 percent to NT$9.62 on the Taiwan Stock Exchange yesterday.
Polytronics Technology Corp (聚鼎科技) yesterday announced that it is buying Henkel AG’s thermal clad dielectric material (TCLAD) business division for US$26 million as the Taiwanese firm aims to improve its technology, product portfolio and revenue performance. Polytronics, headquartered in the Hsinchu Science Park (新竹科學園區), is a supplier of protection components and heat dissipation materials. The firm entered the metallic heat-dissipation substrate market in 2007 and developed a unique solventless production process. Its board of directors approved signing an agreement with Henkel to acquire the German chemical firm’s TCLAD division in the US. The purchase includes all assets and business interests, including equipment,
SIZE MATTERS: Medium-sized hotels that do not have the support of parent groups are more vulnerable and are forced to take action, a REPro Knight Frank researcher said About 50 hotels across Taiwan are seeking to exit the market as they succumb to the bleak business outlook amid international travel restrictions imposed to combat the COVID-19 pandemic. Yomi Hotel (優美飯店) on Minsheng E Road, Sec 1, in Taipei is seeking to transfer ownership with an asking price of NT$950 million (US$32.15 million) and a pledge for a lease contract that guarantees a 3 percent return. The budget hotel, with room rates that start from NT$1,400 per night, maintains normal operations, but has been struggling since March, when the government placed restrictions on inbound and outbound travel. Occupancy rates for hotels in
With the US dollar expected to weaken in the next 12 months due to near-zero interest rates, investors should consider purchasing US corporate bonds, Standard Chartered Bank Taiwan Ltd (渣打台灣銀行) said on Thursday. The bank said that the US Federal Reserve since last month has been buying bonds issued by US companies to curb default rates. The US dollar is forecast to be weaker against the pound, the euro and the yen, as well as the Canadian dollar, the Swedish krona and the Swiss franc, as the greenback lacks high investment returns after the Fed in March slashed the benchmark interest rate
A Bollywood actor’s face tattooed on his arm, Sandeep Bacche’s devotion shocks few in India where stars enjoy semi-divine status, but even there the hallowed silver screen might be losing its shine to streaming services and pandemic fears. “Whenever things get better and theaters begin operations, I will watch three movies a day for sure just as a way to celebrate,” said the Mumbai rickshaw driver, who is recovering from the virus himself. However, others might not join the party. With cinemas shut for months due to a COVID-19 lockdown, and little prospect they will reopen soon, frustrated Bollywood producers have turned to