By Lisa Wang / Staff reporterLCD panel maker HannStar Display Corp (瀚宇彩晶) yesterday said net profit last quarter more than halved from a year earlier as demand for handset panels dwindled and prices declined. Net profit tumbled to NT$873 million (US$29.35 million) in the first three months of this year, compared with net profit of NT$1.83 billion in the same period last year, the company said in a statement. Net profit plunged 48 percent from about NT$1.67 billion, or NT$0.51 per share, in the fourth quarter of last year. In the first quarter of last year, the company made NT$1.7 billion in net profit, or NT$0.26 per share. The company said panel prices are stabilizing, which would help boost this quarter’s revenue.

Source: Taipei Times May 14, 2018 15:56 UTC