Innolux net profit jumps in Q4

Focus Taiwan
Date: 2017/02/10
By: Pan Chi-i and Frances Huang

Taipei, Feb. 10 (CNA) The net profit of Innolux Corp. (群創), one of Taiwan’s largest flat panel makers, surged in the fourth quarter of 2016 from the previous quarter because of a strong rebound in global demand and product prices.

At an investor conference Friday, Innolux reported a fourth-quarter net profit of NT$10.9 billion (US$35.16 million), up from NT$3.06 billion in the third quarter, with earnings per share at NT$1.09, compared with NT$0.31 a quarter earlier.

Its shipments of flat screens rose 6.4 percent quarter-on-quarter in the October-December period to 7.41 million square meters, the most in eight quarters, while its average selling price rose to US$379 from US$330, Innolux said.   [FULL  STORY]