AUO hits bigger net loss in the third quarter of 2019
Taipei, Taiwan – One of the largest flat panel makers in Taiwan, AU Optronics Corp. (AUO) on Wednesday reported an increase in net loss for the third quarter of the year.
During an investor conference, AUO reported a net loss of NT$3.99 billion in a third quarter, compared with NT$2.68 billion in net loss during the second quarter and NT$4.32 billion in net profit in the same period of last year.
Its loss per share in the third quarter increase with NT$0. 13 from NT$0. 28 loss per share in the second quarter and NT$0. 45 in earnings per share in the same period last year.
In the July-September period, in an Investor conference AUO said, it generated NT$70. 05 billion in consolidated sales.
Large panel shipments rose by a 5.5% quarterly and those small and medium sized panels grew 7.8% in the third quarter.
AUO Chairman Paul Peng said Chinese Panel Makers continued to expand their production, which affect Taiwan biggest Panel makers such as AUO.
Source. auo.com, focustaiwan.com