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AUO Reports a 17-quarter High Net Profit of NT$7.3 Billion for Q3
Published: Oct 29,2014HSINCHU, Taiwan – AU Optronics Corp. (AUO) today announced its unaudited consolidated financial results for the third quarter of 2014, which were NT$106.89 billion, up 4.7% from the previous quarter.
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Gross profit was NT$15.38 billion, with gross margin of 14.4%. Operating profit was NT$8.78 billion, with operating margin of 8.2%. AUO’s net profit for the third quarter was NT$7.30 billion. Net profit attributable to owners of the Company was NT$7.33 billion, with a basic EPS of NT$0.76.
In the third quarter of 2014, large-sized panel shipments totaled 29.48 million units, up by 2.2% quarter-over-quarter. Shipments of small-and-medium-sized panels in the same quarter were around 48.23 million units, representing a 4.2% increase from the second quarter of 2014.
Looking back to the third quarter, thanks to the inventory stocking for Golden Week Holiday in China and the traditional holiday season in Europe and the U.S., the overall panel supply and demand remained fairly tight.
While the Company’s fabs continued to be operated at full capacity, AUO persistently switched its product mix to high value-added products. Not only managed to maximize its effectiveness of the capacity, but the Company also proactively improved its cost structures, making the Company to deliver a strong financial performance this quarter.
Looking forward to the fourth quarter, after “making profits in the high season” last quarter, AUO plans to execute the strategy – building competitive edges in the slow season – in the fourth quarter.
The Company will continue to leverage its capability in technology development and proactively develop products with high cost-performance ratio as well as high-technology content, aiming to establish its long-term competitive advantages and recreate growth opportunity.
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