HannStar Display has reported net profits of NT$1.671 billion (US$57.27 million) or NT$0.51 per share for the fourth quarter of 2017. For all of 2017, EPS stood at NT$2.07, the company's highest level in four years.
The company plans to deal out a cash dividend of NT$0.50 for 2017.
Shipments of small-sized panels in 6-inch and below sizes accounted for 76% of the company's total sales in the fourth quarter of 2017; medium-sized panels (6.2-inch to 10.1-inch) made up15%; and large-sized panels (11-inch and above sizes) took nearly10%.
The company expects flat shipment growth for handset panels in 2018, while the large-sized panels such as automotive applications will climb to 20% of total shipments in the second half of 2018.
The company said it also plans to issue 500 million new shares for a capital expansion project to be launched in 2018 with the new funds to finance its business expansion.