Innolux Reports First Quarterly Loss In 8 Quarters
Innolux has reported net loss of NT$1.93 billion (US$62.6 million) for the second quarter of 2018, ending a stream of seven quarterly gains, citing additional tax payment of NT$2.7 billion for retained earnings. Loss per share for the quarter was NT$0.19.
Operating profits for the quarter reached NT$647 million, down 83% on quarter and 96% from a year earlier.
The company's panel ASP (average selling price) dropped to US$292 per square meter compared to NT$338 a quarter earlier and US$395 of a year earlier. The company expects that ASPs of large-size and small- to medium-size panels to edge up 3%, respectively, in the third quarter.
For the third quarter, shipments of large-size panels are expected to grow 1-3% sequentially, while those of small- to medium-size panels are likely to fall within a range of 3%, the company estimated.