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AUO sales sink 3.4% in April

2012/05/08 18:21:51

Taipei, May 8 (CNA) AU Optronics Corp., Taiwan's second-biggest flat panel maker, reported a decline Tuesday in April revenue, from both a month earlier and a year earlier.

The company said its preliminary consolidated revenue in April totaled NT$30.36 billion (US$1.04 billion), down 3.4 percent from March and 8.5 percent down from a year ago.

For April 2012, large-sized panel shipments, with applications including desktop monitors, notebook PCs, TVs, were approximately 10.03 million units, a decrease of 3.9 percent from the previous month, the company said.

In the case of small and medium-sized panels, shipments were some 10.92 million units, down 17.4 percent compared with March.

In the first four months of the year, the company's consolidated revenues totaled NT$111.46 billion, down 11.8 percent over the same period of a year ago.

The first quarter is traditionally a low season for the industry, but the company said it has managed to improve its operating margin sequentially over the previous quarter through effective cost controls.

At an investor conference in late April, AUO President Paul Peng expressed optimism toward the business outlook for 2012 as a whole, saying that his company's consolidated revenue is expected to bottom out after the first quarter.

"Supply and demand is expected to be healthy and balanced, and thus the average selling price is also expected to improve," Peng said.

AUO issued its latest report after close of Tuesday trade on Taiwan's stock market, in which its shares closed down 2.2 percent at NT$13.35.

(By James Lee)
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