Innolux reports better-than-expected Q1 earnings

Focus Taiwan
Date: 2015/05/05
By: Pan Chi-i and Frances Huang

Taipei, May 5 (CNA) Innolux Corp. (群創), one of Taiwan’s leading flat panel 201505050027t0001makers, on Tuesday reported first-quarter earnings per share of NT$0.87 (US$0.03), a figure that analysts said had exceeded market expectations.

At an investor conference, Innolux said that due to the first-quarter slow season, its EPS for that period was below the NT$1.13 recorded in the previous quarter but was much higher than the NT$0.02 in the same period of last year.

“The first quarter EPS beat the market estimate of about NT$0.8 as Innolux recorded a higher gross margin for the quarter,” Marbo Securities Investment Consulting analyst Chang Chih-cheng said. “The higher gross margin largely reflected an improvement in the company’s product portfolio.”     [FULL  STORY]

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