Contract electronics maker Qisda Corp (佳世達) yesterday reported a net loss of NT$350 million (US$11.62 million) in the third quarter, or a loss per share of NT$0.17, after booking non-operating losses at its flat-panel investment for the quarter.
That compared with a net profit of NT$130 million, or earnings per share of NT$0.07, in the second quarter and a net profit of NT$440 million, or NT$0.23 a share, a year earlier.
Excluding non-operating losses — including those made from its investment in AU Optronics Corp (AUO, 友達光電) — Qisda would have made an operating profit of NT$120 million in the quarter, the company said in a report. That figure remained 40 percent lower than the NT$200 million profit posted in the previous quarter, the company said.
Revenue in the third quarter was NT$20.09 billion, compared with NT$21.05 billion in the second quarter and NT$22.9 billion a year ago. Gross margin was 6.7 percent, down from 7.1 percent in the previous quarter and 8 percent a year earlier.
On Tuesday, AUO, the nation’s No. 2 LCD panel maker, reported a net loss of NT$15.81 billion in the third quarter. As Qisda owns about a 7.5 percent stake in AUO, it booked NT$1.19 billion in investment losses for the quarter.
LCD monitors remained the biggest contributor to Qisda revenues in the third quarter, at 69 percent, followed by projectors (11 percent), and scanners and printers (7 percent).
Qisda posted a net loss of NT$1.4 billion in the first three quarters, an operating profit of NT$0.58 billion and NT$63.03 billion in revenues.