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AUO Reports Sep. Revenue and Shuffles Management

By Vincent Wang
Published: Oct 08,2015

TAIPEI, Taiwan — AU Optronics Co. (AUO) on October 8 announced its unaudited consolidated revenue of NT$31.41 billion for September 2015, up by 3.0 percent from the previous month, and down by 11.8 percent compared to the same period in 2014. The company also announced management changes to take effect on November 1, promoting vice president Michael Tsai to president and chief operating officer.

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In the third quarter of 2015, AUO's unaudited consolidated revenues totaled NT$89.30 billion, down by 3.3 percent quarter-over-quarter and 16.5 percent year-over-year.

Shipments of large-sized panels for LCD TV, desktop monitor, notebook PC, and other applications were around 9.53 million units in September 2015, an increase of 4.8 percent from the previous month. As for small-and-medium-sized panels, the shipments exceeded 14.42 million units, down by 14.3 percent month-over-month.

In the third quarter of 2015, large-sized panel shipments exceeded 26.34 million units, up by 5.8 percent quarter-over-quarter and down by 10.6 percent year-over-year. Shipments of small-and-medium-sized panels in the same quarter were around 48.71 million units, an increase of 1.4 percent quarter-over-quarter and 1.0 percent year-over-year.

The company also announced management changes to take effect on November 1, promoting Vice President Michael Tsai to President and Chief Operating Officer, while its Chairperson Paul Peng is to double as Chief Executive Officer. Chief Financial Executive Andy Yang is to be appointed Chief Strategy Officer, while his post will be filled by Associate Vice President Tseng Yu-chih, based on a statement.

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