Innolux to more than double capex budget - News Summed Up

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Innolux to more than double capex budget

The increase in capex includes the NT$31.4 billion that Innolux is to spend on a sixth-generation low-temperature polysilicon (LTPS) panel facility, which the company bought from its parent Hon Hai Precision Industry Co (鴻海精密) in November last year. The company expects this year’s depreciation and amortization to be between NT$35 billion and NT$36 billion, compared with NT$33.56 billion last year. Innolux reported net income of NT$37.03 billion for last year, a dramatic surge from NT$1.84 billion a year earlier. Revenue grew 14.7 percent from NT$287.09 billion to NT$329.17 billion, the company said in a financial statement. The company shipped 116.19 million large flat panels last year, up 5 percent from 110.69 million units in 2016, and 270.78 million small and medium-sized flat panels, up 20.4 percent from 224.88 million units shipped a year earlier.

Source: Taipei Times February 11, 2018 15:56 UTC