AU Optronics Q3 Profit Climbs - Quick Facts

(RTTNews) - AU Optronics Corp. (AUO), a thin-film-transistor liquid-crystal display panel provider, reported Thursday that its third-quarter net profit attributable to owners was NT$8.86 billion or NT$0.92 per share, up by 80.8% from the previous year.

The quarterly operating profit reached NT$9.74 billion, up 69.2% year-over-year.

Display Segment achieved operating profit margin of 11.8% and EBITDA margin of 21.9%, still maintaining its earning performance at relatively high levels.

AUO's consolidated revenues for the third quarter were NT$87.40 billion, 3.5% higher sequentially, despite the declining panel prices.

The company said the shipment momentum remained quite robust, benefiting from the inventory restocking demand for the year-end holiday season.

In the third quarter of 2017, large-sized panel shipments totaled 29.09 million units, up 8.3% sequentially. Shipments of small-and-medium-sized panels were around 46.81 million units, up 21.1% from the previous second quarter.

Looking into the fourth quarter, the company said it holds a positive view on the overall industry demand in the future on one hand, and watches closely for any change in the end demand and inventory level in order to respond promptly.