OVERFLOW EXPECTED: The LCD panel maker said it expects the uptrend to extend into this quarter and even into next year, as the stay-at-home economy continues
Date: Oct 30, 2020
By: Lisa Wang / Staff reporter
The stay-at-home, work-from-home and distance-learning trends helped the Hsinchu-based company make NT$2.89 billion (US$99.95 million) in net profit last quarter, reversing a loss of NT$2.96 billion in the second quarter and a loss of NT$3.99 billion in the third quarter last year.
That translated into earnings per share of NT$0.3, versus minus-NT$0.31 a quarter earlier and minus-NT$0.41 a year earlier.
The firm expects the uptrend to extend into this quarter and even to “overflow” into the first half of next year, as a resurgence of the pandemic hits many countries, further supporting the stay-at-home economy. [FULL STORY]