BRIGHT OUTLOOK:The LCD panel maker expects growth to continue this year, with global supply rising only 3 percent while demand expands steadily
Date: Feb 15, 2017
By: Lisa Wang / Staff reporter
LCD panel maker AU Optronics Corp (AUO, 友達光電) yesterday posted its strongest quarterly profit in six years as panel prices rose on strong demand for large and high-resolution TVs during the holiday season.
AUO’s net profit soared 83 percent to NT$8.97 billion (US$290.6 million) in the fourth quarter of last year, compared with NT$4.62 billion in the third quarter, its highest level since the second quarter of 2010.
Its average selling price jumped about 11 percent to US$413 per square meter, from US$372 in the previous quarter. [FULL STORY]