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Innolux Announces 3Q 2015 Consolidated Revenues of NT$ 88.8 Billion, Downs 5.3% YoY

Published: Oct 29,2015

TAIPEI, Taiwan - Innolux Corporation (“INX”) today announced its 3Q 2015 consolidated revenues. Combined net sales for 3Q 2015 amounted to NT$ 88.8 billion, gross profit was NT$ 10.8 billion, for a gross margin of 12.1%. Operating profit totaled NT$ 4.7 billion with an operating margin of 5.3%. Net profit amounted to NT$ 3.5 billion, for a net profit margin of 3.9%. EBITDA margin of 20.1%, EPS equaled NT$ 0.35.

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The Company shipped 7.09 million square meters of panel in the third quarter 2015, a decrease of 2% over the previous quarter. Blended area ASP for TFT-LCD panels averaged US$ 390 per square meter. Small and medium-sized panel revenue amounted to NT$ 18.4 billion in the third quarter 2015, an increase of 11.5% over the previous quarter. The company shipped 0.518 million square meter area of small and medium-sized during the third quarter 2015, an increase of 15.5% over the previous quarter.

In terms of product application, Mobile & CP, Mobile PC, Desktop monitor, LCD TV panels accounted for 23%, 14%, 10% and 53% of our net sales, respectively. In terms of product size, 10-inch and below, 10-to-20-inch, 20-to-30-inch, 30-to-40-inch, 40-inch-and-above panels accounted for 21%, 18%, 17%, 1%, and 43% of our net sales, respectively.

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