Thu, Aug 10, 2006 - Page 12 News List

AU Optronics says panel sales will jump in second half

AFP , TAIPEI

AU Optronics Corp (友達光電) expects its shipments of thin-film-transistor liquid-crystal display (TFT-LCD) panels and sales to register a large increase this year, company president Chen Hsuan-bin (陳炫彬) said.

"Numbers will be quite high" in the second half of the year, he said at a news conference in Taipei to mark the company's 10th anniversary, which occurred on Saturday.

When asked to elaborate, Chen said shipments and sales are set to increase further in the coming months, especially after AU Optronics' acquisition of Quanta Display Inc (廣輝電子) last October.

Chen declined to be more specific, however, saying the company would not be making any financial forecasts for this year.

In the year to last month, AU Optronics' sales increased to NT$147.26 billion (US$4.48 billion) from NT$102.51 billion a year earlier. Sales for last year amounted to NT$217.39 billion.

At an investor conference on July 25, the company said it expected its third-quarter shipments of large-size LCD panels to increase about 12 percent sequentially, after an 8.1 percent increase in the second quarter.

Large-size panels refer to those measuring 10 inches or more diagonally.

The company's shipments of medium to small-size panels were expected to rise 15 percent in the third quarter, after a 14.3 percent increase in the second quarter.

The average aggregate selling price for TV panels in the third quarter was expected to fall 5 percent from the second quarter, the company said.

The company also said yesterday that it would donate NT$13 million to set up a scholarship fund for middle and elementary school students in difficult circumstances in eight counties. The money comes from the company, as well as its employees, who donated one day's salary, AU Optronics said.

Meanwhile, AU Optronicsrose NT$0.45 to NT$49.20 yesterday in Taipei, after news that its board has approved a proposal to buy 39.7 percent of Toppan CFI (Taiwan) from Japan's Toppan Printing Co Ltd for NT$6.10 billion.

Additional reporting by Jessie Ho

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