![]() ![]() On an annual basis, the quarterly loss widened from a loss of NT$4.74 billion. The company reported a net loss of NT$5.74 billion (US$181.5 million) in the April-to-June quarter, compared with a loss of NT$7.77 billion in the previous quarter. Innolux expects revenue contribution from its non-display business to rise further from 22 percent of the company’s total revenue last quarter. The company also spun off its automotive displays and X-ray detectors to create two entities, CarUX Technology Pte Ltd (群豐駿) and InnoCare Optronics Corp (睿生光電), with the two providing major contributions to Innolux’s non-display revenue, Hung said. To boost the company’s resiliency, Innolux initiated a restructuring earlier this year, dividing its businesses into two groups: display and non-display. We expect to see this the sooner the better,” Innolux chairman Jim Hung (洪進揚) said. “The check point now is when we will start seeing a single-quarter net profit. That compares with a gross margin of 1.2 percent a year earlier. Gross margin came in at 0.6 percent last quarter, from minus-7 percent in the previous quarter, emerging from a three-quarter streak of negative margins. ![]() Investors expressed concern over when Innolux’s bottom line would swing back to the black, after its gross margin returned to positive territory last quarter. ![]() The company expects a wave of computer replacements to emerge in the next two years as Microsoft Corp plans to end support for the Windows 10 operating system in 2025, Yang said, adding that it would also be a major catalyst for panel consumption. Capacity utilization this quarter is forecast to reach about 80 percent, the same as last quarter, Yang said. ![]()
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