Fri, Sep 20, 2013 - Page 14 News List

LED suppliers expect surge in sales

HIGH HOPES:Analysts said an approaching national holiday in China may prompt an LED product shopping spree there, to be boosted by a reported subsidy program

Staff writer, with CNA

“The falling TV prices have squeezed AUO and Innolux’s profitability. Though they are unlikely to fall into the red in the third quarter, I think their earnings in the quarter could be lower than in the second quarter,” Chang said. “The new subsidy plan could eliminate those negative pricing factors.”

Innolux posted a net profit of NT$4.07 billion for the second quarter, up more than 140 percent from the previous quarter, while AUO reported a net profit of NT$3.98 billion in the second quarter, compared with a net loss of NT$3.32 billion the previous quarter.

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