AUO makes a profit after eight quarters in the red - News Summed Up

AUO makes a profit after eight quarters in the red


That translated into earnings per share of NT$0.3, versus minus-NT$0.31 a quarter earlier and minus-NT$0.41 a year earlier. While unit shipments are expected to slide, factory utilization should remain high, similar to last quarter’s 95 percent, it added. “The industry’s seasonal cycles this year have been upended by the pandemic,” AUO chairman Paul Peng (彭雙浪) told investors yesterday. Notebook computer shipments last quarter rose 35 percent and whole-year shipments are likely to register double-digit percentage growth, the company said. The company posted a net loss of NT$3.89 billion in the third quarter last year.


Source: Taipei Times October 29, 2020 15:56 UTC



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