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Innolux and AU Optronics Reports March 2014 Consolidated Revenues

By Vincent Wang
Published: Apr 09,2014

TAIPEI, Taiwan — Innolux Corp. today announced its March 2014 consolidated revenues. INX reported unaudited consolidated revenues of NT$ 37.3 billion in March 2014, an increase of 50.1 percent M-o-M and a decrease of 16 percent Y-o-Y. During March 2014. AU Optronics Corp. announced its unaudited consolidated revenue of NT$34,017 million for the same period of time, up by 20.7 percent month-over-month and down by 10.3 percent year-over-year.

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INX shipped 12.5 million units of large-sized products, an increase of 39.9 percent M-o-M. Shipments for small-and-medium-sized products were nearly 30 million units, an increase of 30.6 percent M-o-M. In the first quarter 2014, INX reported unaudited consolidated revenues of NT$ 89.6

billion, a decrease of 7.9 percent Q-o-Q and a decrease of 23.3 percent Y-o-Y respectively.

The INX first quarter's large-sized shipments were 31.5 million units, a 3.8 percent decrease over the 32.7 million units shipped in the previous quarter. Shipments for small-and-medium-sized were 77.9 units, a 25.1 percent decrease over the 103.9 million units shipped in the previous quarter.

For AU Optronics, shipments of large-sized panels for LCD TV, desktop monitor, notebook PC, and other applications exceeded 10.21 million units in March 2014, an increase of 11.1 percent from the previous month. As for small-and-medium-sized panels, the shipments were around 12.64 million units, up by 44.8 percent month-over-month.

In the first quarter of 2014, large-sized panel shipments totaled 29.18 million units, down by 3.3 percent quarter-over-quarter and up by 8.3 percent year-over-year. Shipments of small-and-medium-sized panels in the same quarter were over 33.46 million units, representing an 18.7 percent decline from the fourth quarter of 2013 and a 9.1 percent growth year-over-year, based on AU Optronics' announcement.

For INX, both large-sized and small-and-medium-sized shipments are better than the guidance given in the forth quarter 2013 earnings release

in February 2014.

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