Mon, Jun 10, 2013 - Page 14 News List

Innolux sales drop after ceasing touch display operations

Staff writer, with CNA

Innolux Corp (群創光電), the nation’s largest flat panel maker, saw its consolidated sales for last month fall from a month earlier because the company ended its touch display enhancement technology operations.

However, rival AU Optronics Corp (AUO, 友達光電) reported an increase in its consolidated sales for last month from a month earlier on solid demand for 4K2K high-definition TV screens and touch panels for notebook computer use.

In a statement issued on Friday, Innolux reported consolidated sales of NT$37.47 billion (US$1.25 billion) last month, down 8.4 percent from a month earlier and also down 5.2 percent from a year earlier.

At an investor conference on May 9, Innolux said the termination of its touch display enhancement technology operations would cut its sales by about NT$5 billion during April and last month, but its gross margin would improve accordingly.

In the first five months of the year, Innolux’s consolidated sales totaled NT$195.15 billion, up 5.53 percent from a year earlier.

Last month, the company’s shipments of large-sized screens — those measuring 10 inches or larger — rose 7.5 percent from April to 13.14 million units. The shipments were also up 7.6 percent from a year earlier.

Shipments of small and medium-sized panels totaled 39.16 million units last month, up 1 percent from a month earlier and also up 18.8 percent year-on-year, Innolux said.

Large-sized panels are used in desktop computers, notebook computers and TV production, while small and medium-sized screens are used in smartphone and tablet computer manufacturing.

Also on Friday, AUO reported consolidated sales of NT$38.3 billion for last month, up 3.5 percent from April and up 22 percent from a year earlier.

From January to last month, AUO’s consolidated sales rose 18.68 percent from a year earlier to NT$169.55 billion.

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